{"id":57175,"date":"2022-02-04T14:29:29","date_gmt":"2022-02-04T12:29:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57175"},"modified":"2025-09-04T10:20:14","modified_gmt":"2025-09-04T07:20:14","slug":"mitsui-to-launch-gold-backed-stablecoin-zipangcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mitsui-to-launch-gold-backed-stablecoin-zipangcoin\/","title":{"rendered":"Mitsui to launch gold-backed stablecoin ZipangCoin"},"content":{"rendered":"<p>Trading firm Mitsui and Sumitomo Mitsui Banking, part of the same group, announced the upcoming February launch of the gold-linked stablecoin ZipangCoin (ZPG). <a href=\"https:\/\/asia.nikkei.com\/Spotlight\/Cryptocurrencies\/Mitsui-Co.-to-issue-cryptocurrency-linked-to-gold-prices\">Nikkei Asia<\/a> reports.<\/p>\n<p>Each ZPG will be backed by one gram of gold and guaranteed by Sumitomo Mitsui Banking. The yen-denominated token will reflect the prices of the precious metal formed on the <span data-descr=\"London Metal Exchange\" class=\"old_tooltip\">LME<\/span>.<\/p>\n<p>Plans are in place for ZPG to be listed on cryptocurrency exchanges. Initially, the token will be available on Mitsui&#8217;s own registered <span data-descr=\"Japan Financial Services Agency\" class=\"old_tooltip\">FSA<\/span> digital asset platform.<\/p>\n<p>ZPG&#8217;s creators expect interest from retail investors as a hedge against financial risk and inflation. Other potential use cases include payments via smartphones in retail networks, as well as paying bills.<\/p>\n<p>Earlier in December, the licensed Swiss crypto bank SEBA <a href=\"https:\/\/forklog.com\/en\/news\/swiss-crypto-bank-seba-launches-gold-backed-token\">announced<\/a> the release of a gold-backed token.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading firm Mitsui and Sumitomo Mitsui Banking, part of the same corporate group, announced the upcoming February launch of the gold-linked stablecoin ZipangCoin (ZPG). Nikkei Asia reports.<\/p>\n","protected":false},"author":1,"featured_media":57176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[536,807,2158],"class_list":["post-57175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gold","tag-stablecoins","tag-sumitomo"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57175"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57175\/revisions"}],"predecessor-version":[{"id":57177,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57175\/revisions\/57177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}