Yen-Backed Stablecoin GYEN Announced by Japan’s GMO Internet
GYEN is a Yen-backed stablecoin and is being developed by GMO Internet - a giant in Japan’s tech sector
- Aditya Worah
- Feb 13, 2019
- Nov 23, 2024
GYEN is a Yen-backed stablecoin and is being developed by GMO Internet - a giant in Japan’s tech sector
South Korea has now become the latest country to get a stablecoin pegged to their local currency.
The social media giant is reportedly working on developing a stablecoin cryptocurrency which would help WhatsApp users transfer funds with ease.
One of Brazil's largest banks begins their own Ethereum-backed stable coin, on par with the Brazilian Real in an effort to being an era of transparency
Basis, the $133Mn Stablecoin project - is shutting down without any notice or warning. All the money will now be returned to the investors.
Stablecoin markets have boomed by over 1000% between Sep-Nov
Nippon Yusen K.K., Japan’s largest shipping firm in terms of sales volumes, is looking forward towards starting off with their own stablecoin.
Asher Tan, the co-founder of Australian cryptocurrency exchange Coinjar is confident about the success of stablecoins, as he called them a game changer.
The administrator of Russia's State Duma Committee on Financial Markets has asserted that the institution is thinking to launch a state-owned virtual currency pegged to the Russian ruble, Russian radio news station Govorit Moskva...
The coin will be known as GMO Japanese Yen (GJY) and will be launched via the cryptocurrency exchange named Z.com.
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