Japanese stablecoin technology provider GUGroup completes US$2.9 million in financing
According to Ledger Insights, on December 13th, Japanese stablecoin technology provider GUGroup completed a financing round of 420 million yen (approximately 2.9 million USD), with Japanese investment firm B Dash Ventures participating. GUGroup also raised some funds by selling tokens to some overseas investors.
GUGroup's subsidiary, GUCoin Studio, provides stablecoin issuance solutions and has launched stablecoin pilot programs with three financial institutions: Shikoku Bank, Fukuoka Financial Group's Minna no Bank, and Tokyo Kiraboshi Financial Group. GUGroup is also the initiator of the Ethereum-compatible chain Japan Open Chain, and currently, companies such as Sony subsidiary Corgear, NTT Docomo, and Dentsu have joined the blockchain as validating nodes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLM, UNI and AAVE gain double-digits as BTC reclaims $94k
Bitcoin’s metrics suggest bull market is far from overvalued
Jim Cramer, Known for His Wrong Comments, Shared His Last Opinion on Bitcoin and Cryptocurrencies
Jim Cramer, who is the butt of jokes in the cryptocurrency world with his predictions, has made new comments about Bitcoin. Here is everything he said.
Trending news
MoreCrypto prices
More
