Japanese IT giant GMO Internet has announced the launch of its own stablon rate which will be pegged to the yen, according to CoinDesk.
Stablon called GMO Japanese Yen (GJY) will be released to the Asian market in 2019 through Z.com, stock division GMO Internet, formed within the framework of a broader initiative to penetrate the industry of cryptocurrency.
According to the statement, the company GJY will be used in her new business, cross-border payment transactions using blockchain technology, launched in collaboration with banking group Aozora.
In addition, GMO Internet as the operator of a farm for bitcoin mining will be able to use a GJY in private transactions.
Note that GJY will be the second steilcoom with reference to the Japanese yen in September, a similar initiative was made by the Chinese blockchain-Fund Xiong’An (Grandshores).
Recently, the issue of the coins with reference to Vietnam currencies becomes more and more popular – only for last weeks own stabilini has launched a cryptocurrency exchange Gemini, a blockchain startup Paxos and payment firm Circle. In addition, plans to launch a new stablon tied to the British pound, announced the company London Block Exchange (LBX).