NEW YORK, May 7, 2021 — 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. …
As a company owned by a publicly listed Japanese company, we often rebalance our USD and JPY holdings. Today we will cover a few points that we’ve been looking into recently to hedge against USD or vice versa. In summary, here are three points that we observe. Important note: This is NOT financial advice, and it is just our view.
First Regulated JPY-Pegged Stablecoin “GYEN” Lists on Leading Global Exchange Network
NEW YORK — April 20, 2021 — GMO-Z.com Trust Company, Inc. (“GMO Trust”), the New York-based, regulated stablecoin subsidiary of Japanese Internet conglomerate GMO Internet Group (“GMO”), announced a partnership with Shift Markets, one of the leading technology service providers in cryptocurrency and Forex (“FX”) markets. The partnership is designed to integrate the world’s first regulated Japanese Yen stablecoin, ticker symbol: GYEN, and a USD stablecoin issued by GMO Trust (ticker symbol ZUSD) onto Shift Market’s global network of exchanges linked through their liquidity provider, NEXUS.
Unlimited Currency Pair…
Not a financial advice
The world is facing economic challenges due to the pandemic, and each country has its own strategy. In particular, the U.S. government is borrowing money, which is being monetized by the Fed, to support its citizens and businesses. However, there have been unintended consequences of the massive stimulus programs, one of which is higher inflation expectations and rapid devaluation of fiat currencies. Our team has put together some thoughts on how you can protect your purchasing power during an inflationary crisis.
Last month on Capitol Hill, Treasury Secretary Janet Yellen indicated a possible return to full…
Eliminates the typical bottlenecks associated with moving and settling JPY for institutions
NEW YORK — April 14, 2020 — GMO-Z.com Trust Company, Inc. (“GMO Trust”), the New York-based, regulated stablecoin subsidiary of Japanese Internet and financial services conglomerate GMO Internet Group (“GMO”), and Zero Hash Inc. (“Zero Hash”), a leading fiat and digital asset custodian and settlement provider, today announced its partnership to bring “GYEN”, the world’s first regulated Japanese yen (JPY) stablecoin, and “ZUSD” to Zero Hash’s settlement network.
Zero Hash = SigNet/SEN for Multicurrency Fiat and Stablecoins
24/7/365 Payments and Instant Settlement
Zero Hash, through its proprietary technology…
NYDFS Licenses GMO-Z.com Trust Company to Issue GYEN/ZUSD for Retail, Institutional Traders
GMO-Z.com Trust Company, Inc. (GMO Trust) has been cleared by the New York Department of Financial Services (NYDFS) to issue the first JPY-pegged stablecoin (GYEN), with the US dollar-pegged stablecoin, USD (ZUSD), delivering highly-regulated tokens that meet stringent security standards for retail and institutional clients.
To begin trading, users can open an account here,
Our goal is to connect traditional finance and blockchain for everyone, paving the way for a digital transformation by building financial-grade digital assets through rigorous policies, government oversight and security standards.
We seek to…
If you are not familiar with cryptocurrencies and stablecoins, you might see the rapid growth of stablecoins’ market cap in recent years and wondering “Why stablecoin matters”.
As you can see in the following graph, the market cap of top stablecoins, USDT, USDC, DAI, TUSD, PAX, and BUSD, has increased more than three times in value within a single year.
Cryptocurrencies have gained traction since Bitcoin emerged in 2009. But more than ten years after its introduction to the market, it continues to suffer from extremely high volatility. While stablecoins have become one of the hottest issues in this space.
Stability is, of course, a crucial characteristic of mediums of exchange, and Bitcoin’s volatility diminishes its utility as a medium of exchange. GMO-Z.com Trust Company will leverage blockchain technology to provide a global payment and money transfer solution that does not suffer from volatility: a stablecoin. GMO-Z.com Trust Company’s virtual currencies will be pegged to stable stores of value, the…
“Tokenized fiat” or “stablecoins” are getting more and more attention in the cryptocurrency world now. Stablecoins projects such as Circle’s USDC, Libra Association, and etc. are all on the rise. Ken Nakamura, our president and CEO at GMO-Z.com Trust Company, had a chance to discuss the power of tokenized fiat in Asia Blockchain Summit 2020 and shared his vision on tokenized fiat.
The market for tokenized fiat has recently grown so quickly. One possible viewpoint is the rising attention of CBDC (central bank digital currency) which is mainly driven by Facebook’s efforts on stablecoin. Another…
As we announced in our previous post, we are excited that Liquid is now listing both GYEN and ZUSD on its platform and service to more than 800 thousand users directly through its comprehensive crypto products. Now, users can trade and get GYEN and ZUSD through Liquid at the same 1:1 exchange rate that is available from GMO Trust. Here we summarize the information that you might be interested in trading GYEN and ZUSD on Liquid.
Who is Liquid?
Building Financial-Grade Digital Assets. The World’s First Regulated JPY-Pegged Stablecoin Issuer.