GMO-Z.com Trust Company, Inc. today launched GYEN, a Japanese yen (JPY) stablecoin, and ZUSD, a U.S. dollar (USD) stablecoin, on the Solana network.
This integration on the Solana network enables individuals and institutions to conduct seamless and secure transactions within the industry-leading Solana ecosystem.
Leveraging Solana’s advanced blockchain technology, Solana GYEN and Solana ZUSD are transacted in a lightning-fast execution process while ensuring unparalleled stability and reliability, fulfilling a streamlined fiat-to-crypto gateway experience and bridging the Japanese yen and U.S. dollars with the digital asset field. This launch on Solana also paves the way for users to easily explore its expansive and diverse ecosystem, ranging from payment solutions to creative artistic support, GameFi, and Web3 mobile applications.
GMO Trust plans to provide Solana GYEN and Solana ZUSD on its official website for trading starting February 14.
Ken Nakamura, CEO of GMO-Z.com Trust Company, Inc., said:
“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 pleased 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.”
