Stablecoin Archives | Be Korea-savvy
GMO Internet Holds Internal Testing of Blockchain, Preparing for the Launch of a Japanese Yen-Pegged Stablecoin (Yen-Pegged Currency) “GMO Japanese YEN (GYEN)” in the First Half of 2020

GMO Internet Holds Internal Testing of Blockchain, Preparing for the Launch of a Japanese Yen-Pegged Stablecoin (Yen-Pegged Currency) “GMO Japanese YEN (GYEN)” in the First Half of 2020

TOKYO, Dec. 23 (Korea Bizwire) — GMO Internet (https://www.gmo.jp/en/) holds an internal testing of blockchain, preparing for the launch of a Japanese yen-pegged stablecoin “GMO Japanese YEN (ticker symbol: GYEN; hereinafter, “GYEN”)” in the first half of 2020 outside of Japan, following receipt of all necessary regulatory approvals. GMO Internet’s development and planned launch of [...]

“Kimchi Premium” Goes Bad as Bitcoin Continues to Nosedive

“Kimchi Premium” Goes Bad as Bitcoin Continues to Nosedive

SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s “kimchi premium” — a reference to the 15 to 25 percent premium on Bitcoin prices locally compared with foreign markets — is now reversed, with the price of one unit of the most widely known cryptocurrency dropping below valuations abroad. According to Bithumb, South Korea’s largest cryptocurrency [...]