OwlTing partners with GMO Trust to expand multi-Currency stablecoin offering
OwlTing Group partners with GMO-Z.com Trust Company to enhance the accessibility to GYEN, the first regulated Japanese Yen stablecoin. This strategic move aims to provide users with diversified cross-border transaction options in one of the world’s major reserve currencies. By integrating GYEN and ZUSD (USD stablecoin) into the OwlTing's digital wallet, OwlPay® Wallet Pro, OwlTing will bridge traditional and digital finance, enabling businesses and individuals to leverage stablecoins for fast, low-cost global payments.
OwlPay® Wallet Pro will be expanded to support buying, selling, sending, and receiving a robust lineup of regulated stablecoins in the near future, including the widely adopted USDC, EURC, GYEN, and ZUSD stablecoins, positioning it as a versatile platform for managing digital assets across multiple currencies. This expansion underscores OwlTing’s commitment to delivering compliant, efficient payment solutions worldwide.
Stablecoins are revolutionizing cross-border transactions, slashing high fees and reducing delays. According to a recent industry report, traditional remittance costs often exceed 6% per transaction, while stablecoin transfers cost less than 1% with just seconds in settlement. In 2024, the annualized transaction value of stablecoins overtook Visa and Mastercard, signaling their dominance in digital finance. OwlTing’s partnership with GMO Trust aims to leverage GYEN for practical use, such as users in the U.S. can send GYEN to their business partners or families in Japan, offering a stable alternative to conventional systems while enabling effective hedging against currency fluctuations and market volatility.
Once the feature update is available, OwlPay® Wallet Pro will stand out with stablecoins coverage of USD, EUR, and JPY, three of the world’s most traded fiat currencies. This adaptability ensures users to transact stablecoins across borders with ease, backed by full fiat reserves and 1:1 redeemability for a high level of trust. As an unhosted wallet, OwlPay® Wallet Pro gives individual users control over private keys and funds, enhancing security and privacy. Holding Money Transmitter Licenses or the equivalent in 31 U.S. states and backed by ISO 27001 certification, OwlTing is poised to lead a compliant, blockchain-driven payment ecosystem reshaping global finance.
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