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NEW YORK, June 4, 2021 /PRNewswire/ GMO-Z.com Trust Company, Inc. ( GMO Trust ), the New York-based, regulated stablecoin subsidiary of Japanese Internet conglomerate GMO Internet Group ( GMO Group ), announced a partnership with Wyre, Inc. ( Wyre ), the payment company powered by blockchain. The partnership is designed to integrate the world s first regulated Japanese yen (JPY) stablecoin, ticker symbol: GYEN, onto Wyre s Payment suite of API-driven products, including payments, global payouts, wallets, crypto to fiat exchange and foreign exchange solutions . GYEN is the first regulated JPY stablecoin approved by the New York State Department of Financial Services (NYDFS).
Japanese Financial Giant GMO Internet Group Partners with INX Limited to Bring NYDFS Regulated Stablecoins to Retail and Institutional Investors
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NEW YORK, June 2, 2021 /PRNewswire/ GMO-Z.com Trust Company, Inc. ( GMO Trust ), announced today that it has partnered with INX Limited, the owner of regulated cryptocurrency and digital asset exchange platforms, to provide the world s first regulated Japanese yen (JPY) stablecoin, GYEN, to retail and institutional investors through its subsidiary, INX Digital, Inc. ( INX ). INX will also be integrating GMO Trust s USD-backed stablecoin, ZUSD.
(PRNewsfoto/GMO Internet Group)
GMO Trust is the New York-based, regulated stablecoin subsidiary of Japanese Internet and Financial Services conglomerate GMO Internet Group ( GMO Group ). This represents a heavyweight partner in the financial industry for INX, with GMO Group owning and operating the world s largest retail online FX trad
/PRNewswire/ GMO-Z.com Trust Company, Inc. ("GMO Trust"), announced today that it has partnered with INX Limited, the owner of regulated cryptocurrency and.
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NEW YORK, May 25, 2021 /PRNewswire/ GMO-Z.com Trust Company, Inc. ( GMO Trust ), the New York-based, regulated stablecoin subsidiary of Japanese financial services and Internet conglomerate GMO Internet Group ( GMO ) today announced an expanded partnership with Nexus Markets, a retail and institutional exchange partner, to offer JPY-pegged GYEN and USD-pegged ZUSD stablecoin Vaults.
(PRNewsfoto/GMO Internet Group)
Nexus Markets is an established exchange provider of GYEN and ZUSD liquidity. They are now expanding their support of these assets to offer their customers 7% interest on GYEN and 11% interest on ZUSD deposits (rates subject to change). The Vaults are the first in the market that allow retail and institutional clients to earn positive yields on their GYEN and ZUSD assets.