New Stablecoin, Bitcoin Interest Account, Cherry on Blockchain + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Exchanges news

• Japanese crypto exchange GMO Coin is on the verge of releasing a stablecoin, reports Coin Post. The token, named GMO Japanese YEN (GYEN), needs to gain regulatory approval before release, per Japanese law. Regulations in the country stipulate that all stablecoin tokens must be approved by the nation’s financial regulator. However, GMO believes it has now all but convinced the regulator about the GYEN, and hopes to issue it in June.
• Bitfinex and digital asset custody provider Koine have launched an institutionally oriented post-trade service meant to enable investors to mitigate counterparty risk, as well as the use of private keys in the clearing and settlement of cryptocurrencies. Per the press release, Koine customers gain access to a post-trade solution from a…