Odaily News Japanese banking giant Nomura and its digital asset unit Laser Digital have partnered with Japan-based GMO Internet Group to explore the issuance of stablecoins in Japan. They plan to explore the issuance, exchange and circulation of stablecoins denominated in yen and US dollars. The partnership also plans to provide "stablecoin as a service" products to help companies issue stablecoins. According to its announcement, such products may cover regulatory compliance management, blockchain integration and back-end transaction management. Through the collaboration, Nomura and Laser Digital will focus more on crypto trading, asset management and venture capital, while GMO plans to make more contributions in technology. Previously, GMO's US subsidiary GMO-Z.com Trust has issued stablecoins such as GYEN and ZUSD on multiple chains. (The Block)