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GMO-Z.com Obtained Trust Charter From DFS As The First Yen Stablecoin Operator In The US
Summary: According to an official announcement, the New York State Department of Financial Services (NYDFS) has granted a trust charter to GMO-Z.com, the first Japanese Yen stablecoin operator in the United States, to operate as a limited liability trust company. Under the trust charter, GMO can issue, manage, and redeem the Yen and the U.S. Dollar-pegged stablecoins ...
According to an official announcement, the New York State Department of Financial Services (NYDFS) has granted a trust charter to GMO-Z.com, the first Japanese Yen stablecoin operator in the United States, to operate as a limited liability trust company.
Under the trust charter, GMO can issue, manage, and redeem the Yen and the U.S. Dollar-pegged stablecoins in New York. The Yen stablecoin will be the first of its kind to the public. Ken Nakamura, President and CEO of GMO, said: "We’re breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe haven asset."
By Mary Liu
Tags: Dollar,GMO,GMO-Z,Japanese Yen,NYDFS,Stablecoin,Trust Charter
Link: GMO-Z.com Obtained Trust Charter From DFS As The First Yen Stablecoin Operator In The US [Copy]
