GMO announces stablecoin tethered to Japanese yen
GMO Internet, a Japanese online conglomerate, confirmed its plans to issue a stablecoin tethered to the Japanese yen. GMO, which in June announced ASIC miners based on 7-nm chips, and in September presented a platform for cryptocurrency trading, intends to begin the issue of stablecoins at the beginning of the 2019 financial year (in Japan it starts on April 1). In a statement, GMO notes that the main incentive for the development of stablecoin will be international money transfers: The currency provided by the Japanese yen is likely to ... Read more about " GMO announces stablecoin tethered to Japanese yen " on coinatory.com