January 6, 2021, 7:12AM EST
• 9 min read

Fiat Freeway: GMO’s JPY-pegged Stablecoin Rises in the Big Apple and Fed Researchers Weigh-in on Digital Asset Tokens vs. Accounts

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column first examines GMO-Z.com Trust Company Inc.’s trust charter approval from the New York State Department of Financial Services (NYDFS). 
  • We conclude with a review of a recent FEDS Note on the tokens vs. accounts classification of digital assets, particularly CBDCs.

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