MoonPay Forms Strategic Partnership with Dunamu, Parent of Upbit, to Expand Stablecoin Payments and GIWA Overseas

October 21 – According to The Block, crypto payment company MoonPay announced a strategic partnership with Dunamu, the parent company of Upbit. The two sides will seek new business opportunities in areas such as stablecoin-based global payments and fund flows, corporate treasury and cash management, and plan to expand global access channels for GIWA, Dunamu's Ethereum Layer 2 network, connecting MoonPay's global service network with Dunamu's blockchain infrastructure to help GIWA's products and services enter overseas markets. Dunamu is currently pursuing a share-swap merger with Naver Financial, with the two sides planning to launch stablecoin and payment services. Earlier this year, Hana Bank acquired a 6.55% stake in Dunamu for 1 trillion won (approximately $755.6 million).