MoonPay and Dunamu have agreed to explore a partnership focused on international stablecoin payments, corporate finance, and blockchain services. The companies announced the plan on October 21, outlining how MoonPay’s global network could connect with Dunamu’s digital asset technology.
Their discussions will assess cross-border transfers, business fund management, and overseas access to the GIWA ecosystem. Neither company announced financial terms, customers, or a launch date.
Stablecoin Transfers Take Center Stage
Cross-border payments and corporate fund transfers form a central part of the proposed partnership. MoonPay and Dunamu will study whether stablecoins can help businesses move funds between markets through their combined infrastructure.
The review will also consider the commercial requirements of offering such services. They will also assess whether proposed services can support real corporate finance activities. MoonPay brings an international payments network, while Dunamu contributes experience operating blockchain infrastructure through its South Korean exchange business.
Beyond payments, both companies plan to examine tools for managing corporate funds across jurisdictions. That work could include transfers between related business entities and other financial operations involving digital assets.
For now, the announcement leaves several operating details unresolved. The companies did not name supported stablecoins, settlement methods, custody providers or markets where the services might operate. They also identified no participating corporate customers.
Bugeon Lee, MoonPay’s head of APAC, said global stablecoin infrastructure must serve everyday business operations as well as cross-border transfers. Lee said the companies’ combined capabilities could also help GIWA-based businesses enter overseas markets.
GIWA Network Opens Another Area for Cooperation
The third part of the discussions concerns international access to services developed within GIWA. Dunamu aims to use MoonPay’s financial partners and distribution network to reach users and businesses outside South Korea.
GIWA is Dunamu’s Ethereum Layer 2 network built with the OP Stack. In May, Dunamu partnered with Optimism under its Self-Managed OP Enterprise model to develop the blockchain and manage its sequencer infrastructure.
That arrangement gives Dunamu control over the infrastructure responsible for ordering transactions, alongside technical support from Optimism. The new MoonPay discussions concern potential overseas distribution rather than an announced launch of GIWA-based products.
Which business models can meet the partners’ technical and commercial requirements? The companies said they would evaluate feasibility before deciding whether to implement any proposed service.
The release offered no details about regulatory approvals, pricing, or implementation milestones. It also did not specify whether businesses would use GIWA directly for stablecoin settlement or other corporate activities.
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Earlier Partnerships Provide Context for Expansion
MoonPay’s latest talks follow its September 29 announcement of MoonPay Korea. The company positioned South Korea as a regional base for developing stablecoin payments and broader digital asset infrastructure across Asia.
At that time, MoonPay outlined possible partnerships with Woori Bank, KB Financial Group, and Kakao Bank. The plans involved payments, remittances, and financial systems but did not establish new commercial services.
MoonPay also expressed interest in overseas channels for won-denominated stablecoins if South Korea’s evolving rules allow their issuance. The company plans to seek relevant licenses and connections to local banking infrastructure.
Dunamu, which operates Upbit, has pursued other payment initiatives. In August, it entered talks with Visa concerning stablecoin transfers, international remittances, and financial services involving artificial intelligence.
Those discussions included potential Open USD business models, without a commitment to launch a payment product. Separately, Dunamu agreed in April to pilot GIWA-based trade remittances with Hana Financial Group and POSCO International.
The pilot aimed to combine payment messaging and settlement for actual trade transactions involving POSCO International. Under the new proposal, MoonPay and Dunamu will continue assessing payment models, corporate treasury uses, and GIWA services.
Conclusion
MoonPay and Dunamu are assessing stablecoin transfers, corporate finance infrastructure, and international access to GIWA services. Their discussions build on earlier banking and payments initiatives in South Korea. The companies have not identified supported assets, customers, regulatory approvals, or a launch schedule, leaving implementation dependent on further reviews.