/PRNewswire/ GMO-Z.com Trust Company, Inc. ("GMO Trust") and the Stellar Development Foundation ("SDF") announced today that GYEN, the first regulated.
Pillsbury teamed up with City-Yuwa, a Tokyo-based law firm, in crafting a report to provide the Japanese Financial Services Agency, or FSA, with information on how to appropriately regulate the trading of stablecoins, a digital currency attached to a stable reserve asset, in Japan under the country’s amended Payment Services Act.
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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).
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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.
Nexus Markets Expands Partnership with GMO-Z com Trust Company by Offering Japanese Yen Stablecoin GYEN and ZUSD Interest-Earning Vaults prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.