MoonPay and Dunamu Explore Stablecoin Payments and Treasury Uses

MoonPay and Dunamu, the operator of South Korea’s Upbit exchange, have agreed to explore stablecoin payments and corporate treasury applications as Dunamu expands its digital-asset infrastructure beyond trading.

The companies plan to examine stablecoin use in cross-border payments and fund transfers. They will also study whether digital-asset infrastructure can support corporate finance and treasury management. The announcement did not include a payment-service launch.

MoonPay and Dunamu will explore linking MoonPay’s services and global network with GIWA, Dunamu’s Ethereum layer-2 network. The work is intended to widen overseas access to GIWA-based services and digital assets. The companies have not announced that the networks are connected.

Dunamu has previously outlined plans to build on-chain financial infrastructure for financial firms as it expands beyond its exchange business. The MoonPay collaboration adds a potential international payment and treasury use for that strategy, subject to the companies’ assessment of its technical and commercial potential.

Separately, Dunamu is pursuing a proposed share swap with Naver Financial that would combine its digital-asset platform with Naver’s payments and technology businesses. That transaction is scheduled to close March 31, 2027, subject to approvals and other conditions.