Welcome to our dedicated page for Gmo Internet news (Ticker: GMYOY), a resource for investors and traders seeking the latest updates and insights on Gmo Internet stock.
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GMO Research Inc. has launched the Z.com Engagement Lab, a new service to enhance marketing solutions in Asia. This loyalty program leverages an Engagement as a Service (EaaS) model to improve consumer commitment for membership-based businesses. Utilizing the ASIA Cloud Panel, which consists of approximately 50 million survey monitors, the service allows members to earn rewards through survey participation, fostering increased engagement and revenue. Shinichi Hosokawa, President of GMO Research, emphasizes the platform's role in enhancing connections between consumers and companies, aiming for significant contributions to marketing in Asia.
GMO-Z.com Trust Company and the Stellar Development Foundation have launched GYEN and ZUSD stablecoins on the Stellar network, marking a significant milestone in digital assets. GYEN is the world's first regulated JPY-backed stablecoin, while ZUSD is a U.S. dollar-backed stablecoin. Both stablecoins are fully backed by fiat reserves and undergo monthly audits. The integration allows for fast, cost-effective transactions, enhancing interoperability across platforms. Notably, these stablecoins are currently unavailable to Japanese residents due to regulatory restrictions.
INX Limited has partnered with GMO-Z.com Trust Company to launch the first regulated Japanese yen stablecoin, GYEN, on its digital exchange, starting October 5th, 2021. This partnership also includes the listing of GMO Trust's USD-backed stablecoin, ZUSD. GMO Trust is a regulated subsidiary of GMO Internet Group, which operates the largest online FX trading platform globally. This new trading venue is set to cater to both retail and institutional investors, offering 24/7 trading with instant settlement in digital wallets, enhancing the efficiency of Japanese yen transactions.
GMO-Z.com Trust Company has partnered with Wyre, Inc. to integrate its regulated Japanese yen stablecoin, GYEN, into Wyre's payment platform. This partnership aims to provide developers with access to a range of financial services, including global payouts and crypto-to-fiat exchanges. GYEN is the first regulated JPY stablecoin approved by the New York State Department of Financial Services. The integration promises to lower barriers for digital asset payments, enhancing operational efficiency for developers and financial technology firms.
GMO-Z.com Trust Company has partnered with INX Limited to offer the world's first regulated Japanese yen stablecoin, GYEN. This initiative, targeting both retail and institutional investors, also includes the integration of GMO Trust's USD-backed stablecoin, ZUSD. GMO Trust is a regulated subsidiary of GMO Internet Group, known for its extensive presence in the financial services sector, including Forex trading and cryptocurrency. The partnership aims to attract significant financial firms through compliance and advanced technology. Notably, GYEN and ZUSD will not be available to Japanese residents.
GMO-Z.com Trust Company announced an expanded partnership with Nexus Markets to offer interest-earning vaults for their stablecoins—GYEN (JPY-pegged) and ZUSD (USD-pegged). Customers can earn 7% on GYEN and 11% on ZUSD deposits, a unique offering in the market. This partnership aims to enhance liquidity and earning opportunities in the digital asset realm. However, these services will not be available to Japanese residents due to regulatory restrictions.
On May 7, 2021, GMO-Z.com Trust Company announced a partnership with Celsius to enhance the usage of its USD-pegged stablecoin, ZUSD. This collaboration allows customers to use ZUSD as collateral for crypto-backed loans on the Celsius platform, which aims to provide higher yields compared to traditional savings accounts. CEO Ken Nakamura highlighted the potential for significant earning opportunities through the stablecoin lending market. However, ZUSD and GMO Trust's GYEN will not be available to Japanese residents due to regulatory restrictions.
GMO-Z.com Trust Company has partnered with Shift Markets to integrate GYEN (the first regulated Japanese Yen stablecoin) and ZUSD (a USD stablecoin) onto Shift Markets' global exchange network. This collaboration allows GMO Trust's stablecoins to be available to over 70 exchange clients via the NEXUS liquidity provider. The partnership aims to enhance trading capabilities by blending digital assets with FX markets, enabling new use cases such as hedging and arbitrage. GMO Trust has also received a Limited Purpose Trust license from NYDFS for the issuance of its stablecoins.
