Stablecoin

Token

Solana

Step Finance

<h4><strong>The company announced that its stablecoins, $ZUSD, and $GYEN, are now live on the Solana blockchain platform. </strong></h4> 
<p>This move boosts the stablecoins’ use and shows GMOTrust’s dedication to using advanced technology for superior financial solutions.</p> 
<h5><strong>GMOTrust’s Stablecoins on Solana</strong></h5> 
<p>Stablecoins have become increasingly important in the cryptocurrency ecosystem. They provide digital currency benefits—speed, security, borderless transactions—without the usual crypto volatility. GMOTrust’s $ZUSD and $GYEN, tied to the US dollar and Japanese yen respectively, offer stable and trustworthy digital transactions.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: <a href="https://twitter.com/GMOTrust?ref_src=twsrc%5Etfw">@GMOTrust</a>, one of the largest stablecoin issuers, has announced that their <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> stablecoins, <a href="https://twitter.com/search?q=%24ZUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ZUSD</a> and <a href="https://twitter.com/search?q=%24GYEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GYEN</a>, are now live on their platform. <a href="https://t.co/u5CsOgv9kD">pic.twitter.com/u5CsOgv9kD</a></p> 
 <p>— SolanaFloor | Powered by Step Finance (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1758110376439251105?ref_src=twsrc%5Etfw">February 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The integration of $ZUSD and $GYEN into the Solana blockchain is a strategic move by GMOTrust. So, Solana’s scalability and efficiency make it perfect for stablecoins needing quick, affordable transactions for trading, payments, DeFi, and more.</p> 
<p>GMOTrust’s decision to go live with $ZUSD and $GYEN on Solana also underscores the company’s vision for a more interconnected and efficient global financial system. This move strengthens GMOTrust’s lead in stablecoin issuance and aids in the wider adoption of blockchain and digital currencies.</p> 
<h5><strong>More About Solana’s Stablecoins</strong></h5> 
<p>Paxos is enhancing its digital asset suite by introducing a stablecoin on Solana, utilizing its unique token extensions. Paxos’s move diversifies its stablecoin offerings and leverages Solana’s fast, affordable transactions for a better digital currency experience.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Stablecoin issuers like <a href="https://twitter.com/Paxos?ref_src=twsrc%5Etfw">@Paxos</a> and <a href="https://twitter.com/GMOTrust?ref_src=twsrc%5Etfw">@GMOTrust</a> are rapidly adopting token extensions on Solana <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/zNw9qWgvjA">https://t.co/zNw9qWgvjA</a></p> 
 <p>Token extensions empower regulated entities, institutions, &amp; devs to quickly build new token experiences that are not possible on any other public blockchain.…</p> 
 <p>— Solana (@solana) <a href="https://twitter.com/solana/status/1757843467731153120?ref_src=twsrc%5Etfw">February 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This initiative shows Paxos’s dedication to expanding secure, reliable digital finance, boosting the cryptocurrency market’s growth and maturity.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="2UUEklk27xc">
 <iframe title="Look Out! Crypto Whales are Accumulating These 3 Altcoins NOW" width="696" height="392" src="https://www.youtube.com/embed/2UUEklk27xc?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/zusd-and-gyen-stablecoins-go-live-on-solana-with-gmotrust/">$ZUSD and $GYEN Stablecoins Go Live on Solana with GMOTrust</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

$ZUSD and $GYEN Stablecoins Go Live on Solana with GMOTrust

Altcoin Buzz

Other articles published on Feb 15, 2024

Persistence One launches DYDX liquid staking on pSTAKE

Coinbase Surpasses Quarterly Earnings Expectations

Analyst Highlights Bitcoin Rally as Price Surpasses $52,000

Bakkt Approved for $150M Securities Sale to Stop Losing Money

Popcat Crypto Stalls Near Lows: A Trend Reversal or Continuation?

Deere (DE) Reports Strong Q1 with $12.185 Billion in Revenue, $6.23 EPS

Join our free newsletter for daily crypto updates!