MoonPay and Upbit Operator Dunamu Team Up for Stablecoins and GIWA L2

Global digital asset infrastructure provider MoonPay and South Korean blockchain giant Dunamu have initiated talks to form a comprehensive MoonPay Dunamu stablecoin partnership. The strategic effort aims to bridge mainstream payment rails with decentralized infrastructure while expanding the reach of emerging Layer 2 ecosystems internationally.

According to reporting from The Block, the collaboration focuses on integrating stablecoin settlement mechanics and enhancing international accessibility for GIWA, the Ethereum Layer 2 network developed by Dunamu. Dunamu, which operates Upbit, South Korea’s largest digital currency exchange, seeks to leverage MoonPay’s extensive fiat on-ramp infrastructure and global regulatory footprint to extend its technological presence beyond domestic borders.

South Korea represents one of the most liquid and active cryptocurrency markets worldwide, yet regional regulatory frameworks have historically constrained domestic firms from straightforward international expansion. By joining forces with MoonPay, Dunamu aims to provide frictionless fiat-to-crypto gateways, enabling users worldwide to interact seamlessly with its GIWA ecosystem and utilize stablecoins for real-world transactions.

Market observers view the strategic alignment as an essential step toward international enterprise interoperability. If executed effectively, the initiative could provide Dunamu with direct channels into Western payment corridors, while giving MoonPay deeper access to Asian liquidity and advanced Web3 infrastructure projects.

Key areas to monitor include the rollout timeline for GIWA mainnet tools and the formal integration of stablecoin corridors. Regulatory authorities across relevant jurisdictions will also scrutinize the cross-border payment flows to ensure compliance with international anti-money laundering and remittance frameworks.