Crypto Bank Anchorage Digital Partners with GMO-Z.com Trust to Launch Regulated Yen Stablecoin GYEN

Anchorage Digital, an encrypted bank, has partnered with GMO-Z.com Trust Company, a subsidiary of Japanese financial services and Internet giant GMO, to be approved to launch the regulated Japanese Yen stablecoin GYEN, which is issued based on Ethereum and whose reserve assets are deposited in separate accounts of FDIC-insured banks , Chainalysis assists GMO in monitoring its transactions and risk assessments to detect and prevent fraudulent activity.