New York regulators have authorized a subsidiary of Japan's GMO Internet to issue the world's first publicly available stablecoin backed by the Japanese yen
.@NYDFS approves first Japanese yen-backed #stablecoin, $GYEN, as well as the dollar-backed $ZUSD. “We're breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe haven asset,” said @GMO_KenNakamura. https://modernconsensus.com/ .…