World’s first regulated digital JPY asset and trusted digital USD asset now available on Stellar SAN FRANCISCO and NEW YORK — November 9, 2022 — GMO-Z.com Trust Company, Inc. (“GMO Trust”) and the Stellar Development Foundation (“SDF”) announced today that GYEN, the first regulated Japanese yen (“JPY”) stablecoin, and ZUSD…

In today’s world, stablecoins have become an essential part of the crypto industry. Despite the continuing controversy surrounding the cryptos, fiat-backed stablecoins are still considered one with excellent market potential. This article discusses the growing stablecoin market, reviewing changes in global currency reserve, the development of regulatory frameworks, and opportunities…

September has been a wild month for the markets. The USD continued its dominance against all major currencies forcing the Bank of Japan and England to step in. In the digital forex market, prices of trading pairs could be influenced by various factors. …

“We look at them and we say, they’re part of an overall ecosystem that needs protection for the investors, protection against fraud and manipulation,” the SEC’s Gensler said of stablecoins. It’s understandable that investors are increasingly unwilling to park their funds in a place where a dollar might turn out…

We are proud to announce that today, GMO-Z.com Trust Company, Inc., the U.S.-regulated stablecoin subsidiary of Japanese financial services and Internet conglomerate GMO Internet Group, has partnered with Anchorage Digital to bring GYEN, the world’s first regulated Japanese yen (JPY) stablecoin to Anchorage’s institutional clients. GYEN is the first JPY…

The world of cryptocurrency is spellbinding and ever-evolving. Almost every month, we hear something new on coins, utility tokens, consensus protocols, and more. …

The significant Ethereum upgrade, the transition from Proof-of-Work to Proof-of-Stake, is around the corner. As the token issuer of GYEN and ZUSD, we are excited about The Merge and will fully support the Ethereum Proof-of-Stake chain. Since the launch of GYEN and ZUSD, the world’s first regulated JPY-pegged stablecoin, and…

"You’ve got to sort of think, if you’re an investor, if it’s too good to be true, maybe it is." There’s only one true test of a stablecoin’s legitimacy: how well does it maintain its peg? From the start, the goal of stablecoins was to import some of the reliability…

Blockchain technology resulted in a new wave of cryptocurrency. While the consensus mechanism is widely adopted by blockchains which are also the basis of various cryptocurrencies, the core issue faced was still the time spent in reaching the agreement on the transaction validity. …