GYEN and ZUSD on Solana: Now Live on GMO Trust’s platform
We are thrilled to announce that Solana GYEN and Solana ZUSD are now live on our platform. Users can seamlessly purchase, swap, or redeem via our platform, facilitating easier access to GYEN and ZUSD on Solana.
This blog post will introduce the functionalities available on our platform and provide essential tips for utilizing functions to purchase or swap Solana GYEN and Solana ZUSD on our platform efficiently.
What Can You Do on the Platform
Our platform offers straightforward access to Solana GYEN and Solana ZUSD, allowing users to mint, redeem, and swap any version of these stablecoins across our supported blockchains, including Ethereum, Stellar, and Solana. We are dedicated to providing an efficient environment for these operations, simplifying the process for both institutional and individual users to convert their fiat into GYEN and ZUSD. Our integration with Solana also ensures transactions are executed securely and seamlessly.
The minting process begins when you deposit fiat into an FDIC-insured account; upon confirmation, GMO Trust mints an equivalent amount of GYEN or ZUSD stablecoin and transfers it to your designated wallet address, facilitating your acquisition of stablecoins.
Our platform also offers a seamless swap functionality for all versions of GYEN and ZUSD across our supported blockchains, enhancing the utility and reach of your assets and saving the complex process associated with cross-blockchain movements.
Tips for Utilizing the Platform
Before starting with Solana GYEN and Solana ZUSD on our platform, here are some tips for a streamlined experience:
Complete the KYC/AML Procedure
The KYC process is crucial not only for regulatory compliance but also for protecting our users. Completing this step ensures a secure and compliant environment for everyone.
Verify Your Wallet Compatibility
Different blockchains require different wallets. For Stellar, we support the Lobstr wallet; for Solana, we support the Phantom wallet.
Phantom is a popular wallet for Solana, providing a secure and user-friendly interface for managing your digital assets. Make sure your wallet is set up correctly, and remember to safeguard your private keys to prevent unauthorized access.
Beware of Fraudulent Offers
After minting your Solana GYEN or Solana ZUSD, stay vigilant against unsolicited trade offers, too-good-to-be-true deals, or unknown transaction links. It’s also vital to verify the authenticity of token contract addresses. Our official token contract addresses can be found on our multi-chain page: https://stablecoin.z.com/multi-chain-gyen-and-zusd/
FAQs for a Quick Start
Where to Find Transaction Records:
Users can log in and view their transaction history on the dashboard or explore the transaction details on the explorers of each blockchain.
Transaction Fees
There are no fees for purchasing or swapping GYEN or ZUSD on our platform. For redemption, the fee for GYEN will be 0.10%, and no fees for ZUSD. More details can be found on our website: Fee schedule.
How can I verify the reserves backing the stablecoins?
Customer funds are regularly monitored and audited, which is disclosed monthly in the attestation report.
For more frequently asked questions, visit our FAQ page: https://support.stablecoin.z.com/hc/en-us/categories/360004413254-FAQ
Our platform aims to provide a secure and user-friendly environment for managing GYEN and ZUSD stablecoins, making it easy for users to engage with digital currencies. Start exploring the benefits of Solana-based stablecoins with GMO Trust’s platform today, and enjoy a streamlined process for minting, redeeming, and swapping your stablecoins.
Get started: https://stablecoin.z.com/
About GMO-Z.com Trust Company
GMO Trust connects traditional finance and blockchain technology for everyone. We issue GYEN, the world’s first regulated Japanese Yen stablecoin, and ZUSD, our trusted U.S. Dollar stablecoin. Visit our website to learn more.
Disclaimer
This content is not financial advice and it is not a recommendation to buy
or sell any financial instruments, FX trading, cryptocurrency or engage in
any trading or other activities. You must not rely on this content for any
financial decisions. Acquiring, trading, and otherwise transacting with
financial instruments or cryptocurrency involves significant risks.
We strongly advise our readers to conduct their own independent research
before engaging in any such activities. GMO Trust does not guarantee or
imply that any cryptocurrency or activity described in this content is
available or legal in any specific reader's location. It is the reader's
responsibility to know the applicable laws in their country.
