first-regulated-japanese‌-yen-stablecoin-gyen-listed-on-crypto-exchange-liquid

First regulated Japanese‌ yen stablecoin GYEN listed on crypto exchange Liquid

Liquid, a Tokyo headquartered bitcoin and cryptocurrency replace firm, on the present time introduced the dual itemizing of GYEN, the most vital regulated Jap yen stablecoin, and ZUSD, a U.S. greenback-backed stablecoin.

From March 1st, Liquid will provide seamless conversion of GYEN and JPY through a GYEN/JPY interpret e book that allows traders to transform stablecoin and fiat 1:1 24/7 in true-time. GYEN and JPY will be mixed staunch into a single interpret e book; which is intriguing to optimize liquidity and present various digital fiat choices to traders.

Additionally, Liquid will soon provide an synthetic FX pair of USD/JPY through stablecoins. This might possibly well perchance perchance unlock synergies with one of basically the most in most cases traded foreign replace pairs on this planet.

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GYEN is a 100% fiat-backed ERC-20 stablecoin developed and issued by GMO-Z.com Believe Firm. Jap Yen that backs GYEN in circulation is held securely in FDIC insured trustee bank accounts. Every token will like a one-to-one reserve steadiness and can constantly be redeemed at a 1:1 ratio.

GMO Believe stablecoins allow customers to seamlessly alternate across Liquid’s excessive-dawdle and global community of associate exchanges.

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