ChainCatcher news, according to Ledger Insights, Nomura Securities announced that its digital asset subsidiary Laser Digital is collaborating with GMO Internet, the parent company of stablecoin issuer GMO-Z. The two parties plan to jointly explore the issuance of USD and JPY stablecoins in Japan and provide stablecoin-as-a-service solutions in the Japanese market.It is reported that GMO-Z holds a trust license from the New York State Department of Financial Services (NYDFS), and its stablecoins GYEN and ZUSD are available on the Ethereum, Solana, and Stellar blockchains.

According to ChainCatcher news and Ledger Insights, Japanese stablecoin technology provider GUGroup has completed a funding round of 420 million yen (approximately 2.9 million USD), with participation from Japanese investment firm B Dash Ventures. GUGroup also raised part of the funds by selling tokens to some overseas investors.GUGroup owns a stablecoin issuance solution subsidiary, GUCoin Studio, which has launched stablecoin pilot projects with three financial institutions: Shikoku Bank, Fukuoka Financial Digital Bank Minna no Bank, and Tokyo Kiraboshi Financial Group. GUGroup is also the initiator of the Ethereum-compatible chain Japan Open Chain, which has seen companies such as Sony subsidiary Corgear, NTT Docomo, and Dentsu join the blockchain as validator nodes.

ChainCatcher News, Japan's banking giant Mitsubishi UFJ Trust and Banking's stablecoin platform Progmat will collaborate with cross-chain bridge provider TOKI and token issuance protocol Noble to bring a fully collateralized yen stablecoin into the Cosmos ecosystem. Noble is expected to launch the yen stablecoin in spring 2024. Additionally, TOKI itself will launch its mainnet in the fourth quarter of this year. (Source link)

ChainCatcher news, cross-chain bridge provider TOKI will collaborate with the stablecoin issuance platform Progmat launched by Mitsubishi UFJ Trust Bank (MUFG) and the token issuance protocol Noble to bring fully collateralized Japanese stablecoins into the Cosmos ecosystem.According to Japan's stablecoin law, these stablecoins will be pegged to the yen or other fiat currencies, with an expected launch in early 2024. TOKI and Noble are working with Progmat to realize the vision of Japanese stablecoins, with plans for eventual cross-chain swaps with stablecoins on Ethereum and for cross-chain lending. (Source link)