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First Ever Ethereum based, Japanse Yen backed Stablecoin Introduced by Tokyo's GMO Internet Inc.

First Ever Ethereum based, Japanse Yen backed Stablecoin Introduced by Tokyo's GMO Internet Inc.

Tokyo-based GMO Internet Inc., an Internet conglomerate, has reportedly been granted approval from the New York Department of Financial Services (NYDFS) to form a limited purpose trust company, GMO-Z.com Trust Company, Inc. Through this initiative, the company will issue the very first regulated Japanese Yen-pegged stablecoin with the ticker, GYEN. To get approval for the trust, the company was required to adhere...

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Ethereum GMO GMO Internet Inc Japanese New York Department of Financial Services Tokyo