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Celsius and GMO Trust Expand Regulated USD Stablecoin Lending Market News provided by Share this article (PRNewsfoto/GMO Internet Group) NEW YORK, May 7, 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, embarks on a new partnership with Celsius, the industry-leading cryptocurrency lending platform. Customers will be able to use ZUSD, a regulated, USD-pegged stablecoin issued by GMO Trust, as collateral for crypto-backed loans. ZUSD will be initially listed on Celsius platform and available for reward-earning accounts. With annual percentage yields soaring on regulated stablecoins, customers can use ZUSD on Celsius to generate high yield, replacing their traditional savings accounts that are producing minimum yield.

New yorkUnited statesKen nakamuraRyan grahamAlex mashinskyYork department of financial servicesJapanese financial servicesInternet incInternet groupPurpose trust companyCompany incCelsius networkTrust companyNew york basedLimited purpose trust companyNew york department