“Our alliance with GMO Trust accelerates our mission to redefine global financial connectivity,” said Darren Wang, Founder and CEO at OwlTing Group. “By amplifying the reach of GYEN and enhancing our stablecoin suite, we’re unlocking Japan’s digital payment potential and building a scalable platform for a borderless economy.”
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“Partnering with OwlTing furthers our strategy to lead the stablecoin revolution,” said Ken Nakamura, CEO at GMO-Z.com Trust Company, “Delivering GYEN and ZUSD via OwlPay Wallet Pro will expand our global footprint, creating new opportunities in the intersection of traditional and digital markets.”
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GYEN and Beyond: Stablecoins Go Global
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.
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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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Source – Businesswire