TerraJPY in dayz
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New York regulator licenses GMO Internet to issue the first JPY-pegged stablecoin
theblockcrypto.com/linked/89651/n
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No not at all just pointing out we could get terrajpy going in days instead of a centralized stablecoin which takes years to get clearance
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JPY is a safe haven asset during global QE - same reason why swiss francs are also rising in popularity. TerraJPY can be swapped into from TerraUSD with 25bp spread
How do these swaps occur? Is there an AMM of sorts of is more like SNX but with a fee?
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