OwlTing Partners with GMO Trust to Expand Multi-Currency Stablecoin Offering

TAIPEI, March 24, 2025 /PRNewswire/ -- OwlTing Group (the "Company"), a global blockchain fintech company, today announced its partnership with GMO-Z.com Trust Company, Inc. ("GMO Trust") to enhance the accessibility to GYEN^[1], the first regulated Japanese Yen ("JPY") stablecoin. This strategic move aims to provide users with diversified cross-border transaction options in one of the world's major reserve currencies. By integrating GYEN and ZUSD^[1] (USD stablecoin) into the Company's digital wallet, OwlPay^® Wallet Pro, OwlTing will bridge traditional and digital finance, enabling businesses and individuals to leverage stablecoins for fast, low-cost global payments.

OwlPay^® Wallet Pro will be expanded to support buying, selling, sending, and receiving a robust lineup of regulated stablecoins in the near future, including the widely adopted USDC^[2], EURC (EUR-pegged), GYEN, and ZUSD stablecoins, positioning it as a versatile platform for managing digital assets across multiple currencies. This expansion underscores OwlTing's commitment to delivering compliant, efficient payment solutions worldwide.

"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."

"Partnering with OwlTing furthers our strategy to lead the stablecoin revolution," said Ken Nakamura, CEO at GMO-Z.com Trust Company, Inc. "Delivering GYEN and ZUSD via OwlPay^® Wallet Pro will expand our global footprint, creating new opportunities in the intersection of traditional and digital markets."

GYEN and Beyond: Stablecoins Go Global

Stablecoins are revolutionizing cross-border transactions, slashing high fees and reducing delays. According to a recent industry report^[3], 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[4], 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. ^[5]

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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About GMO-Z.com Trust Company, Inc.

Established in 2020 and chartered by the NYDFS as a limited purpose trust company, GMO-Z.com Trust Company bridges traditional finance and blockchain technology by issuing regulatory-compliant stablecoins like GYEN and ZUSD on various blockchain networks.

GMO Trust aims to support borderless payments and transactions using digital assets by issuing "GYEN" and "ZUSD." GMO Trust expects stablecoins to be utilized by businesses and developers as programmable open-source money ^(*1). Furthermore, GMO Trust will continue to collaborate with cryptocurrency exchanges and businesses to create use cases for "GYEN" and "ZUSD." For more information, visit https://stablecoin.z.com/.

^(*1)  Programmable money refers to a currency that can automate certain functions in operations such as contracts, invoicing, and payments. 

About OwlPay^® Wallet Pro

OwlPay^® Wallet Pro offers an unhosted blockchain wallet solution for individual users, empowering them with a fast setup for a secure multi-currency payment wallet for cross-border transactions. For business users, a hosted wallet solution is available, backed by U.S. state licenses to ensure compliance and enhanced functionality. For more information, visit https://www.owlting.com/owlpay/wallets-as-a-service?lang=en.

About OwlTing Group

Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as "the Leading 3 Emerging Giants in Taiwan". With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay^®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.

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SOURCE OwlTing Group