Following the announcement, the price of XLM has gained 6.72 percent in the last 24 hours to currently be trading at $0.096.
The Stellar Development Foundation (SDF), is a non-profit organization supporting the development and growth of the open-source Stellar network.
Stellar Lumens (XLM), the native cryptocurrency of the Stellar blockchain, is set to see a big boost with the integration of two reputable stablecoins on the blockchain-based payments network.
The Stellar Development Foundation (SDF), a non-profit organization supporting the development and growth of the open-source Stellar network, said in a press release that it has launched the GYEN and ZUSD stablecoins on the Stellar network in partnership with GMO-Z.com Trust Company.
The New York-based company is a regulated subsidiary of the Japanese internet conglomerate GMO Internet Group which is the issuer of the stablecoins. GYEN is the world’s first regulated Japanese yen (“JPY”) stablecoin, while ZUSD is a U.S. do
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