💴 Japanese IT Giant GMO confirms launch of yen-backed stablecoin GYEN in 2019
GMO has announced the launch of a yen-back stablecoin, GYEN, sometime in 2019. They have set up a subsidiary for the launch and expect to announce the launch date soon. GMO has had a difficult year, seeing the closure of a mining site and relocation of another on top of about $187 million in losses attributed to restructuring its mining business.
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