IMPORTANT NOTICE TO GYEN AND ZUSD HOLDERS
GMO-Z.com Trust Company, Inc. ("GMO Trust") is conducting an orderly wind-down of its GYEN and ZUSD stablecoin activities pursuant to Section 605 of the New York Banking Law. This will result in discontinuance and delisting of both stablecoins. As part of this process, GMO Trust has established an Initial Redemption Period during which all holders of GYEN and ZUSD may redeem their stablecoins at full par value on a 1:1 basis.
REDEEM YOUR STABLECOINS BEFORE NOVEMBER 11, 2026
The Initial Redemption Period closes on November 11, 2026. We strongly encourage all GYEN and ZUSD holders to redeem their stablecoins directly with GMO Trust before this date.
- 1 GYEN = 1 Japanese Yen (JPY)
- 1 ZUSD = 1 U.S. Dollar (USD)
Stablecoins not Redeemed during the Initial Redemption Period will no longer be redeemable directly by Account Holders through the GMO Trust Platform. The treatment of such Stablecoins is set out in Section 11 of the Stablecoin User Terms & Conditions. Further information will be provided in a separate notice during the Initial Redemption Period.
HOW TO REDEEM
Step 1 — Open an account
Holders who do not already have a GMO Trust account, visit stablecoin.z.com to open an account with GMO Trust. All account applications are subject to our standard Know Your Customer (KYC) identity verification process in accordance with applicable U.S. anti-money laundering requirements. Please allow sufficient time for KYC review before the November 11, 2026 deadline.
Step 2 — Link a bank account
To receive your redemption proceeds, you will need to link an eligible bank account:
- To redeem GYEN: a Japanese yen (JPY) denominated bank account is required.
- To redeem ZUSD: a U.S. dollar (USD) denominated bank account is required.
Step 3 — Submit your redemption request
Once your account is approved and your bank account is linked, submit your redemption request through the platform at stablecoin.z.com. Redemptions are processed at 1:1 par value with no fees charged by GMO Trust.
For assistance, please contact our support team at support@stablecoin.z.com.
ALTERNATIVE: UNISWAP LIQUIDITY POOL
For holders who are unable or prefer not to redeem directly with GMO Trust, please be aware that a GYEN/USDC liquidity pool is currently available on Uniswap, a decentralized exchange protocol.
⚠️ IMPORTANT DISCLAIMER — THIRD-PARTY PLATFORM
GMO Trust is not the owner, operator, or sponsor of the Uniswap liquidity pool or any other third-party trading venue. The following important limitations apply:
- GMO Trust has no control over, and makes no representations regarding, the availability, liquidity, pricing, or operation, or safety and security of any third-party trading platform, including Uniswap.
- Choosing to exchange tokens through Uniswap or any other decentralized exchange involves significant risks entirely outside of GMO Trust’s control, and GMO Trust does not endorse, and holds no responsibility or liability whatsoever for any third-party liquidity pools or transactions. GMO Trust does not solicit, endorse, or guarantee any transactions executed externally. By electing to proceed with Uniswap, you explicitly acknowledge, accept, and assume all associated risks, including without limitation:
- Severe Price Slippage: Low liquidity pools can cause extreme price execution variations.
- Smart Contract Failure: Vulnerabilities, bugs, or exploits within external protocol code.
- Impermanent Loss: Financial losses inherent to automated market maker structures.
- Permanent Loss of Funds: Decentralized transactions are irreversible; our support team cannot recover or refund assets lost on third-party protocols.
- Total Assumption of Risk: You accept all risks of trading on third-party decentralized networks, including, without limitation, severe price slippage, smart contract vulnerabilities, impermanent loss, and the permanent loss of all transacted funds.
- Absolute Limitation of Liability: The Platform holds no responsibility or liability for any financial losses, transaction failures, or adverse consequences resulting from your choice to use Uniswap.
- Waiver of Claims: You hereby waive, release, and discharge GMO Trust and its affiliates from, any and all claims, demands, or causes of action arising directly or indirectly from your interaction with any third-party protocol.
- GMO Trust is not responsible for any losses, errors, failed transactions, or other adverse outcomes arising from trading activities on any third-party platform not operated by GMO Trust.
- GMO Trust does not guarantee that any third-party pool will remain available, liquid, or at any particular price during the Initial Redemption Period or at any other time.
- Users interacting with decentralized protocols do so at their own risk and are solely responsible for verifying contract addresses, understanding the applicable protocol mechanics, and managing their own private keys and wallet security.
- Any trading activity on a third-party platform is subject to the terms and conditions of that platform, not those of GMO Trust.
- GMO Trust strongly recommends that holders who are considering using a third-party platform seek independent financial and technical advice before doing so. Further information regarding the risks of trading on secondary markets is outlined in the Stablecoin User Terms and Conditions.
GMO Trust makes no recommendation regarding the use of any third-party platform and expressly disclaims all liability in connection with any such use.
IMPORTANT DATES
- Initial Redemption Period closes: November 11, 2026
- Account opening and KYC: Begin as early as possible — do not wait until close to the deadline.
- Post-deadline: The treatment of unredeemed balances is set out in Section 11 of the Stablecoin User Terms & Conditions. Further information will be provided in a separate notice during the Initial Redemption Period.
Note: The redemption process and end date may be contingent on the requirements of New York Banking Law §605 or other applicable law.
QUESTIONS?
Contact Form | support@stablecoin.z.com