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GMO-Z.com Trust Company launches stablecoins GYEN and ZUSD on Solana network

GMO-Z.com Trust Company, Inc. today launched GYEN, a JPY stablecoin, and ZUSD, a USD stablecoin, on the Solana network.

PayPal confirmed today that it has received a subpoena from the Securities and Exchange Commission (SEC) regarding its USD stablecoin.

The Principles for Financial Market Infrastructures (PFMI) apply to systemically important stablecoin arrangements.