---
title: "Open USD Backlash: Consortium Faces Allegations of Faking Key Stablecoin Partnerships"
url: https://thecoingazette.com/open-usd-backlash-consortium-faces-allegations-of-faking-key-stablecoin-partnerships/
date: 2026-07-03
modified: 2026-07-03
author: "Coin Gazette Editorial"
description: "Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it..."
categories:
  - "Crypto News"
tags:
  - "Crypto News"
  - "stablecoin"
  - "USD"
image: https://thecoingazette.com/wp-content/uploads/2026/07/open-usd-backlash-consortium-faces-allegations-of-faking-key-stablecoin-partnerships.png
word_count: 56
---

# Open USD Backlash: Consortium Faces Allegations of Faking Key Stablecoin Partnerships

![Open USD Partrners](https://static.news.bitcoin.com/wp-content/uploads/2026/07/open-usd-partners-768x432.png)Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium […]