GMO to Launch Stablecoin to Stabilize Market!

Very few of us know about GMO Internet Group but this Japanese giant is about to launch a Stablecoin by 2019. This information is announced on 10/09/18. Company said they are working at their full pace in development of Stablecoin.

GMO has started Z.com exchange to pitch in the big Asian crypto market. GMO came in to highlight in 2017 when they gave their employees a unique option in getting their 50% salary in Bitcoin. This initiative of GMO will be a step further in stabilzing the coin price. GMO has also joined hands with Azora Bank Group to start blockchain supported online banking. This banking option will help in sorting overseas financial issues.

GMO becomes a membre of elite group of companies that issued stablecoins. Earlier this year, IBM join hands with Stronghold and the Stellar protocol on a U.S. dollar-based stablecoin.

On the whole experts are believing this is as an another feather in the cap of crypto as more and more business houses will move into crypto market, it will only stabilize the market and make it the safer place to invest in!

Keep Steeming friends! !