apanese internet giant GMO Internet has announced that it will launch a stablecoin pegged to the yen next year.
According to the founder and president of GMO Internet, Masatoshi Kumagaii, the stablecoin which will be known as GMO Japanese Yen (GJY) will be issued in Asia. It is expected that the assets backing the stablecoin will be stored in Japan where the tech firm already has banking licenses.
https://www.ccn.com/japanese-technology-conglomerate-gmo-to-unveil-yen-pegged-crypto-stablecoin/
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