Mon, May 27, 2024 at 11:48

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some interesting news about a new stablecoin-focused project in Japan.

  • Nomura Holdings and Laser Digital have partnered with GMO Internet Group to explore the issuance of fiat-backed stablecoins.

  • 
• Annie

  • Oh, that sounds fascinating!😊 What exactly are they planning to do?

  
• 

  Kang-hoon

  • The collaboration will involve the issuance, redemption, and circulation of Japanese yen (JPY) and US dollar (USD) pegged stablecoins in Japan.

  • They are also planning to offer a Stablecoin-as-a-Service solution.

• Annie

  • Stablecoin-as-a-Service?

  • What does that entail?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • This service will support companies looking to issue stablecoins for the Japanese market.

  • It includes aspects like regulatory compliance management, blockchain integration, and backend transactions management.

• Annie

  • Wow, that sounds comprehensive!

  • How will Nomura and GMO contribute to this project?

  
• 

  Kang-hoon

  • Nomura will leverage its expertise in crypto trading, asset management, and venture investment.

  • On the other hand, GMO will provide the technological expertise needed for the project.

• Annie

  • I see.

  • So, what do the leaders of these companies have to say about this partnership?

  
• 

  Kang-hoon

  • Masatoshi Kumagai, founder and Group CEO of GMO Internet Group, expressed gratitude for cooperating with Nomura Group.

  • He emphasized that their infrastructure and heritage, along with Laser Digital's experience, are crucial for the project's success in Japan.

• Annie

  • And what about Nomura's CEO?

  
• 

  Kang-hoon

  • Nomura Holdings President and CEO Kentaro Okuda noted that this project has the potential to greatly enhance digital asset accessibility and innovation in the Japanese financial landscape.

• Annie

  • That sounds promising!

  • How has Laser Digital been performing recently?

  
• 

  Kang-hoon

  • Laser Digital, Nomura's digital assets subsidiary, was announced in March 2022.

  • It has become a prominent player in the crypto and blockchain space.

  • Recently, it partnered with Pyth Network as a data provider.

• Annie

  • What about GMO?

  • Have they been active in the stablecoin market?

  
• 

  Kang-hoon

  • Yes, GMO-Z.com Trust Company, GMO's US subsidiary, has issued stablecoins on top blockchains like Ethereum, Stellar, and Solana.

  • Their regulatory-compliant stablecoins include GYEN and ZUSD.

• Annie

  • That's impressive!

  • So, do you think this news is good or bad for the market?

  
• 

  Kang-hoon

  • I believe this is good news.

  • 

  • The collaboration between Nomura and GMO could significantly boost the stablecoin market in Japan, enhancing digital asset accessibility and fostering innovation.

  • This could attract more investors and companies to the Japanese market.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.