GMO-Z.com Trust Company has introduced GYEN and ZUSD on the Solana network, enabling businesses and consumers to transact securely and efficiently within the Solana ecosystem. GYEN, the first certified Japanese yen (JPY) stablecoin, and ZUSD, the established US dollar (USD) stablecoin, are now available for transactions.

The adoption of Solana's advanced blockchain technology significantly accelerates transactions involving Solan GYEN and Solana ZUSD, ensuring robustness and reliability. This facilitates seamless entry from fiat to cryptocurrency, bridging the Japanese yen and the US dollar with digital assets.

Individuals can explore a diverse ecosystem encompassing Web3 and GameFi mobile applications, innovative financing, and payment services.

GMO Trust plans to launch the trading platform for Solana GYEN and Solana ZUSD on February 14, 2024. CEO Ken Nakamura describes this as a significant milestone, marking the arrival of the Solana ecosystem for the first JPY stablecoin and a new USD stablecoin. They aim to integrate GYEN and ZUSD into various projects within the Solana ecosystem in the near future.

According to Solana co-founder Raj Gokal, the release of stablecoins by GMO Trust on the Solana blockchain showcases the network's potential for businesses to launch certified financial products that can be enhanced over time.

It's important to note that Japanese citizens currently do not have access to GYEN and ZUSD. GMO Internet Group, founded in 1991 and headquartered in Tokyo, has been a key player in the digital industry, internet infrastructure, and online finance.

In addition to operating an online bank and the largest online FX trading platform, the company oversees a cryptocurrency exchange, a payment gateway, certified stablecoins, and mining infrastructure.

The New York Department of Financial Services has certified GMO-Z.com Trust Company, based in New York, for introducing the first certified JPY stablecoin, recognizing its achievement.