GMO-Z.com Trust Company launches GYEN and ZUSD on Solana network. This integration allows businesses and consumers to conduct transactions across the Solana ecosystem in a secure and efficient manner. Meanwhile, GYEN is the first certified Japanese Yen (JPY) stablecoin, while ZUSD is an established United States Dollar (USD) stablecoin.
Leveraging Solana’s cutting-edge blockchain technology will significantly accelerate transactions involving Solan GYEN and Solana ZUSD, while also ensuring perfect balance and reliability. This will drive more focused fiat-to-crypto exposure, creating a link between the Japanese Yen, the US Dollar and the digital asset space.
Individuals will have the privilege of exploring a broad and diverse ecosystem that includes Web3 and GameFi mobile applications, creative finance, and payment-related services.
GMO Trust plans to launch a trading platform for Solana GYEN and Solana ZUSD on February 14, 2024. Ken Nakamura, CEO of GMO-Z.com Trust Company Inc., said this is a watershed moment for the Solana ecosystem for the first JYP stablecoin and the new USD stablecoin. They plan to integrate GYEN and ZUSD into numerous projects that make up the Solana ecosystem in the near future.
According to Solana co-founder Raj Gokal, GMO Trust’s launch of a stablecoin on the Solana blockchain highlights the potential of the Solana Network to enable enterprises to launch certified, upgradeable financial products. It is said to have been proven.
Additionally, Japanese citizens do not currently have access to GYEN and ZUSD. From its founding in 1991 to the present, GMO Internet Group has been an integral part of the digital industry, Internet infrastructure and online finance. Tokyo is where the company’s headquarters are located.
In addition to operating an online bank and the largest online FX trading platform, the company oversees cryptocurrency exchanges, payment gateways, certified stablecoins, and mining infrastructure.
The New York Department of Financial Services has granted accreditation to New York-based GMO-Z.com Trust Company. It is recognized for introducing the first certified JPY stablecoin.