One of the biggest internet giant of Japan, GMO Internet, announced launching of a new stablecoin that would be attached to yen, according to

the official website

. The name of such stablecoin is GMO Japanese Yen (GJY), this coin will be issued in Asia next year.

Japanese internet giant has already created 57 stablecoins, 23 of which are in circulation.The new one pegged by yen will become a tool in helping tech companies to settle transactions for their business. This also includes crypto mining farms.

Even though internet giant possess a pile of stablecoins,

Tether

remains to be a global one. Furthermore, Circle, startup backed by Goldman Sachs, also

announced plans of launching USD Coin

, a stablecoin backed up by the US dollar.

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https://twitter.com/GMOGroup/status/1049501777865797634https://thecoinshark.net/japanese-giant-launches-a-new-crypto-platform/