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GMO-Z.com Trust To Launch GYEN And ZUSD Stablecoins On The Stellar Network

Twitter icon  •  Published 1년 전  •  Hassan Maishera

The Stellar Organization announced in a blog post on Wednesday that GMO-Z.com Trust Company, Inc. will launch GYEN, the first regulated Japanese yen (“JPY”) stablecoin, and ZUSD, a U.S. dollar (“USD”) stablecoin, on the Stellar network.

The Stellar Organization announced in a blog post on Wednesday that GMO-Z.com Trust Company, Inc. will launch GYEN, the first regulated Japanese yen (“JPY”) stablecoin, and ZUSD, a U.S. dollar (“USD”) stablecoin, on the Stellar network.

The integration brings the world’s first regulated JPY-backed stablecoin and the trusted U.S. dollar-backed stablecoin to the Stellar network, the Stellar Organization added. Thanks to this latest partnership, users can transact seamlessly and cost-effectively across the established and proven Stellar global blockchain network, leveraging GYEN and ZUSD for near-instant, borderless transactions.

Stellar is an open-source network with the mission to "create equitable access to the global financial system." Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014. XLM is down by 6% in the last 24 hours and is now trading at $0.0900 per coin.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.