Altcoins News
By Maheen Hernandez
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GYEN is issued by GMO-Z.com Trust Company Inc (“GMO Trust”). It is approved and regulated by the New York State Department of Financial Services, and it is strictly pegged…
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For clarity, “GMO Trust, based in New York, is a Limited Purpose Trust Company, regulated by the New York Department of Financial Services.
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GYEN is the stable value coin that combines the creditworthiness and price stability of the Japanese Yen. It provides all the advantages and efficiency of a digital asset.
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Stability is a very important characteristic of GYEN and therefore serves to be a good medium of exchange.
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GYEN is a 100% fiat-collateralized stablecoin, and it will be issued only when the corresponding collateralized fiat will be placed in custody with a third-party trustee.
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GYEN believes that trust is very important for centralized digital assets as the centralized issuer has a considerable impact on the stablecoin's operability and underlying…
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GMOTrust will maintain the required licenses and registrations to lawfully issue and redeem its stablecoins.
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GYEN is issued on the Ethereum blockchain, and the total amount in circulation can be publicly viewed.
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The demand for stable coins is already proven. It just looked like there is significant demand for the JPY, and it is underserved in the cryptocurrency and stablecoin…
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The security features facilitated are offline keys, dispersive keys, and approval limits.
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The Use Cases in terms of the transaction markets are targeted for the short and long term. Near Term use cases are volatility hedging, payment for other digital assets,…
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The longer-term use cases are cross-border remittance, money transfers, utility trading, Dapp ecosystem, Banking and Unbanked, Trade Finance, Exchanges, and decentralized finance.
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