Japanese IT giant GMO Internet confirmed that it’s going to launch its yen-backed stablecoin GYEN this year.
The firm’s founder and CEO, Masatoshi Kumagai, as well as chief financial officer, Masashi Yasuda, answered questions from attendees. Following a question about the firm’s previously announced stablecoin, one of the executive answered:
“Regarding the plan to launch GYEN as announced last year, we plan to issue it in overseas this year.”
The company execs also revealed that the firm has set up a subsidiary and appointed a person responsible for GYEN operations to issue the stablecoin in…
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