Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York
(toeytoey2530/iStock/Getty Images Plus)

The New York Department of Financial Services has issued a trust charter to GMO-Z.com Trust Company, allowing it to “issue, administer and redeem” Japanese yen (JPY)- and U.S. dollar-pegged stablecoins in New York.

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