GMO-Z.com Trust Company, Inc. (“GMO Trust”) reminds holders of GYEN and ZUSD that approximately three weeks remain in the Initial Redemption Period.
The Initial Redemption Period closes at 23:59:59 Eastern Time on November 11, 2026 (the “Deadline”). A Redemption is processed once GMO Trust has received both the Stablecoins and a matching Redemption request on the Platform; the Stablecoins must be received before the Deadline, and requests for which they have not been received will be cancelled. Do not transfer Stablecoins to GMO Trust after the Deadline. Redemption requests are subject to standard processing times and compliance checks, and account applications are subject to KYC review, so holders who have not yet Redeemed should start now.
- Direct Redemption with GMO Trust is available to Account Holders at par value (1 GYEN = 1 JPY; 1 ZUSD = 1 USD), with no Redemption fees. Minimums of 100 GYEN and 1 ZUSD apply. Holders without a JPY-denominated account may register a non-JPY account as Bank Wire (JPY), with conversion performed by their receiving bank, and should confirm now that their bank will accept an incoming JPY wire. Holders who do not hold an Account may apply for one for the purpose of Redeeming existing holdings, subject to KYC review.
- Secondary market. Routes to exchange GYEN or ZUSD for USDC on third-party venues are currently available for both tokens. A swap is not a Redemption and does not deliver par value.
Full instructions for both routes, including the official contract addresses and the applicable risk disclosures, are set out in GYEN and ZUSD Wind-down: How to Redeem Before the November 11, 2026 Deadline.
Stablecoins not Redeemed before the Deadline will be subject to a mandatory redemption under Section 11 of the Stablecoin User Terms & Conditions, with consideration paid in USDC to the Wallet holding the Stablecoins. The process is set out in Mandatory Redemption: What Happens to GYEN and ZUSD Not Redeemed by November 11, 2026.
Holders on Stellar. A Stellar account can only receive USDC if it has an established USDC trustline, which must be set from the holder’s own account. GMO Trust cannot establish a trustline on a holder’s behalf. Holders expecting to hold GYEN or ZUSD on Stellar after the Deadline should establish a USDC trustline now.
Access to the GMO Trust Platform will end following the Deadline. Account Holders wishing to keep records of their transaction history should download the activity report for their Account now.
GMO Trust will never ask you to connect a wallet, sign a transaction, or pay a fee in order to Redeem. Communications and materials relating to the wind-down are published on GMO Trust’s official communication channels: stablecoin.z.com (website), account.stablecoin.z.com (Platform), support.stablecoin.z.com (published notices), X, LinkedIn and Medium. Correspondence is sent only from @gmo-trust.com.