GMO-Z.com Trust Company, Inc. today launched GYEN, a Japanese yen (JPY) stablecoin, and ZUSD, a US dollar (USD) stablecoin, on the Solana network.
This integration into the Solana network allows individuals and institutions to transact seamlessly and securely within the industry-leading Solana ecosystem.
Leveraging Solana’s advanced blockchain technology, Solana GYEN and Solana ZUSD are realized with a lightning-fast execution process while ensuring unparalleled stability and reliability, fulfilling an enhanced fiat-to-crypto gateway experience and bridging the Japanese yen and US dollars with the field digital assets. This release to Solana also paves the way for users to easily explore its extensive and diverse ecosystem, ranging from payment solutions to creative art support, GameFi and Web3 mobile applications.
GMO Trust plans to provide Solana GYEN and Solana ZUSD on its official website for trading starting February 14th.
Ken Nakamura, CEO of GMO-Z.com Trust Company, Inc.
“The announcement of the first JPY stablecoin and a new USD stablecoin in the Solana ecosystem marks an important milestone in our multi-chain development and we are very happy to unveil this long-awaited Solana integration to our users. We look forward to integrating GYEN and ZUSD with the numerous projects in the Solana ecosystem.”
Raj Gokal, co-founder of Solana, said:
“GMO Trust’s issuance of stablecoins on the Solana blockchain highlights how Solana’s high-performance network and low transaction fees enable companies to launch regulated financial products in a scalable manner.”