• NYDFS approves yen stablecoin
    New York's financial services regulator has given thumbs up to the first U.S.-approved, yen-backed stablecoin (Photo: Pixabay/Maccabee)
    Alt coins,  Regulation

    In U.S. first, New York regulators approve yen-backed stablecoin

    With the New York Department of Financial Services’ approval, Japanese IT giant GMO Internet Group will also issue a dollar-backed stablecoin

    December 29, 2020 /

    The company has been granted a New York State charter to operate as a limited liability trust company by the Department of Financial Services, according to Linda Lacewell, the Superintendent of Financial Services.

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