Z.com Stablecoin

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Description

Z.com Stablecoin, operated by GMO Z.com Trust Company, introduces two fiat-backed stablecoins: GMO JPY (GYEN) and Z.comUSD (ZUSD), pegged to the Japanese Yen and US Dollar, respectively. Both are 100% fiat-backed, offer a 1:1 redemption ratio, and leverage Ethereum's blockchain for enhanced security and transparency. Launched in 2021, these stablecoins are designed to provide liquidity and stability in global markets, countering digital currency volatility. GYEN and ZUSD are regulated stablecoins, with GYEN being the first of its kind for the Japanese yen. They are actively traded across multiple markets, with GYEN available in 34 and ZUSD in 11 markets, making them some of the most liquid digital assets globally. This initiative ensures compliance with regulatory standards and enhances trust in the digital asset ecosystem. More information can be found on their official website.

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FAQ

What is Z.com Stablecoin's purpose?

Z.com Stablecoin aims to provide a stable and secure digital currency alternative by issuing two fully fiat-backed stablecoins: GMO JPY (GYEN) and Z.comUSD (ZUSD). These digital assets are pegged to the Japanese Yen and the US Dollar, respectively, and are designed to offer liquidity and stability in the global crypto market.

How does Z.com Stablecoin ensure the stability of GYEN and ZUSD?

Z.com Stablecoin ensures the stability of GYEN and ZUSD by maintaining a 1:1 redemption ratio with their respective fiat currencies. This is achieved through full fiat backing, which ensures that every stablecoin issued is supported by an equivalent amount of fiat currency, reducing volatility typically seen in other cryptocurrencies.

What are the benefits of using GYEN and ZUSD?

The benefits of using GYEN and ZUSD include stability, as they are fully fiat-backed and maintain a 1:1 peg. They offer liquidity, being traded on multiple global exchanges, and ensure secure and efficient transactions by operating on the Ethereum blockchain. Additionally, they adhere to regulatory standards, providing confidence and security to investors.

How do GYEN and ZUSD compare to other stablecoin options?

GYEN and ZUSD stand out from other stablecoin options due to their regulatory compliance and full fiat backing, ensuring a 1:1 redemption ratio. Unlike some stablecoins that rely on algorithmic stability or partial reserves, GYEN and ZUSD provide greater reliability, backed by GMO-Z.com Trust Company's robust infrastructure and adherence to industry standards.

Why is Ethereum chosen for GYEN and ZUSD transactions?

Ethereum is chosen for GYEN and ZUSD transactions due to its leading blockchain technology, which offers secure, transparent, and efficient transaction capabilities. This infrastructure supports smart contracts and decentralized applications, providing a reliable platform for executing accurate and rapid stablecoin transfers globally.

What should I do if I experience issues trading GYEN or ZUSD?

If you encounter issues trading GYEN or ZUSD, first ensure you are using a supported exchange and that you have a secure internet connection. Check both the stablecoin and crypto wallet compatibility with the Ethereum network. Should problems persist, contact your exchange's customer support or refer to GMO-Z.com Trust Company's resources for assistance.

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