Nomura Holdings, a financial services company active in 30 countries, and the GMO Internet Group have formed a partnership focused on issuing Japanese yen and U.S. dollar stablecoins in Japan.
The newly announced partnership will focus on traditional stablecoin issuance, regulatory compliance, and stablecoins-as-a-service. Nomura Holdings CEO Kentaro Okuda released a press statement following the announcement, in which he said stablecoins “will inevitably play an important part in financial markets.”
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