Visa doubles down on South Korea with Upbit operator Dunamu on stablecoin payments
Visa has partnered with South Korean exchange operator Dunamu to develop financial services integrating stablecoins and artificial intelligence. The collaboration aims to build infrastructure for automated 'agentic commerce,' where AI agents execute payments and settlements on behalf of users.
Why it matters
This partnership signals a major push by traditional financial giants to integrate crypto-native payment rails into the mainstream, specifically targeting the growing intersection of autonomous AI agents and digital currency settlements.
Upbit operator Dunamu plans to work with Visa to develop financial payment services using stablecoins and artificial intelligence (AI), the Korea Herald reported on Friday. The agreement follows a similar one, announced earlier this week , on settlement infrastructure with Shinhan Financial Group.
The deal puts Visa at the center of South Korea’s push to build stablecoin payment infrastructure. The country has at least 16 million crypto users, according to CoinGecko , which is proving to be an attractive market. In May, industrial conglomerate Samsung said it bought a 4% stake in Dunamu , and on Thursday, Mirae Asset set out the $109 billion crypto ambitions for the Digital X exchange it bought in July.
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