〜 Trademark filings in progress, global issuance and circulation to begin soon 〜
G.U. Group (Headquarters: Tokyo, Japan; CEO: Hidekazu Kondo), a provider of web3 solutions, is pleased to announce the upcoming issuance and circulation of three new stablecoins “USDA,” “JPYA,” and “EURA” governed and operated by a DAO. These stablecoins will be deployed across more than 10 blockchains, including Ethereum and Japan Open Chain, in the coming days.
The new stablecoins are governed by a DAO, making them community-led DeFi-native tokens that operate without reliance on a centralized administrator. The collateral assets are managed on-chain, allowing anyone to mint or burn these stablecoins using established tokens such as USDC and USDT. By adopting a backed-asset model instead of an algorithmic one like DAI, the system achieves a more stable and transparent structure.
Additionally, cross-chain functionality has been implemented, enabling seamless transfers across more than 10 supported chains. Collateral management is conducted on Ethereum and Japan Open Chain.
G.U. Group supports the DAO-led issuance project through technical and operational contributions and is actively working to secure further trademarks. The company also aims to help evolve the project toward fiat-collateralized, regulatory-compliant stablecoins in the future.
As of 2025, the stablecoin market is experiencing rapid growth, with total issuance surpassing 45 trillion yen. It is projected to reach several hundred trillion yen within the next few years.
However, major existing stablecoins face a range of challenges: lack of transparency around issuers, insufficient legal backing, the risk of asset freezes due to political decisions in specific countries, and limitations in usability due to a lack of cross-chain compatibility. In particular, the Japanese market has seen very limited circulation of yen-denominated stablecoins, posing a significant barrier for domestic Web3 businesses.
To address these issues, G.U. Group Inc. and its community DAO have been developing a new stablecoin system that balances transparency, security, and usability. This system is designed to initially operate under a DAO-managed decentralized model and will gradually evolve to comply with legal frameworks across multiple jurisdictions, including Japan, the United States, and Europe, ultimately aiming to realize a multipolar financial infrastructure.
This announcement follows the successful progress in trademark acquisition for USDA, JPYA, and EURA in multiple countries.
A New Type of Stablecoin
The newly developed “USDA,” “JPYA,” and “EURA” adopt an innovative backed-asset stablecoin model.
In contrast to traditional algorithmic stablecoins, such as DAI used in DeFi, which are issued by overcollateralizing crypto assets like ETH and whose price stability is inherently affected by the volatility of those assets, this new model directly holds and manages existing fiat-pegged stablecoins (e.g., USDC, USDT) as collateral.
As a result, this system avoids the volatility of crypto assets and achieves a more direct and stable pegging mechanism.
Furthermore, it natively supports cross-chain transfers using the LayerZero protocol, enabling use across multiple blockchains from the outset.
Users can burn tokens on any supported chain and redeem the corresponding collateral at any time.
The system also includes blacklist mirroring functionality similar to major stablecoins like USDC, allowing it to reflect blacklist entries from other tokens to support anti-money laundering and crime prevention measures.
Intuitive Naming: USDA, JPYA, EURA
The names “USDA,” “JPYA,” and “EURA” are designed to be easy to remember and intuitive.
They resemble familiar names like USDT and USDC—widely recognized in the stablecoin space—and by adopting “A” as the final character (which appears early in alphabetical listings), they offer a branding advantage.
Using a consistent naming format across multiple currencies also improves clarity and user understanding.
Cross-Chain Compatibility
These stablecoins are natively compatible with more than 10 EVM-based blockchains, including Ethereum and Japan Open Chain, and are designed to circulate seamlessly across multiple networks. There are also future plans to expand to non-EVM chains such as Solana.
Supported chains include: Ethereum, Japan Open Chain, Base, Avalanche, Arbitrum One, Polygon, BNB Chain, Optimism, Unichain, Gnosis Chain, and others.
The First Native Stablecoins on Japan Open Chain
“USDA,” “JPYA,” and “EURA” are the first stablecoins to be natively issued on Japan Open Chain, a public chain operated by a consortium of major Japanese companies including Dentsu Inc., pixiv Inc., and TV Asahi Group.
Among them, JPYA, a yen-denominated stablecoin, is expected to become a core currency in the Japan Open Chain ecosystem, accelerating the adoption of web3 solutions by both individuals and enterprises.
Low-Cost, High-Speed Transfers
In addition to Ethereum, these tokens support Japan Open Chain, allowing for global transfers with high speed (under 5 seconds) and extremely low cost (under 0.5 yen). This makes them suitable for both personal and business transactions across borders.
Security and Transparency
Since all collateral assets are recorded on-chain in an auditable format, anyone can verify their status at any time. DAO governance ensures transparency in operations, and future upgrades may include a transition to trust-based stablecoin structures depending on regulatory developments.
Circulation Format
At launch, these stablecoins may be classified as Type II or Type IV Electronic Payment Instruments under Japanese regulations. G.U. Group is working to obtain licenses as a registered “Electronic Payment Instruments Transaction Business” in Japan, which will enable buying and selling as legally recognized electronic money.
The roadmap also envisions transitioning to a Type III Electronic Payment Instrument model (issuance-based), thereby offering even more seamless usability under regulatory frameworks in Japan and other jurisdictions.
These stablecoins will initially be offered as DeFi-native, asset-backed stablecoins under the management of a community DAO, and are expected to begin circulation through DEXs.
Going forward, the project aims to obtain licenses for listing and trading in various countries, and to enable direct exchange with fiat currencies. At the same time, the team is exploring a future transition to a regulated issuance model, where the custody and management of collateral assets will comply with national laws in respective jurisdictions.
JPYA
In Japan, JPYA is currently expected to fall under Type II or Type IV Electronic Payment Instruments, but preparations are underway to transition it to a Type III Electronic Payment Instrument.
Discussions are already in progress with several local financial institutions, and the transition will be implemented upon receiving regulatory approval.
USDA
The project is also exploring transitions to either a Japanese trust-based model or a U.S. “Genius Act” model, aiming to issue a fully compliant U.S. dollar-backed stablecoin. Multiple discussions are already underway with potential issuing entities.
EURA
In Europe, the team plans to transition EURA into a MiCA-compliant euro-denominated stablecoin, pending approval under the Markets in Crypto-Assets (MiCA) regulation. However, given the stringency of MiCA’s requirements, careful planning is underway to ensure compliance without compromising the token’s utility.
By combining DAO-based decentralized governance, trademark-backed brand protection, and a new asset-backed model, this initiative has established the foundational infrastructure for safe and stable global usage of stablecoins.
G.U. Group remains committed to building the next generation of digital financial infrastructure, with legal compliance and technological innovation working in tandem.
G.U. Group is the collective Japan Blockchain Foundation Co., Ltd., which operates and manages the consortium of the public blockchain "Japan Open Chain," co-managed by Japanese companies; G.U. Technologies Inc., which provides solutions in the stablecoin and NFT business domains; and its parent company, G.U. Group Inc. As a unified group, they are committed to developing and providing secure, safe, and affordable products that make blockchain technology easy to use in business, contributing to its practical implementation in society.
【Company Overview】
Company Name: G.U.Group, inc.
Location: 26-1 Sakuragaoka-cho, Shibuya, Tokyo
CEO: Hidekazu Kondo, Dimei Inaba
Established: April 2018
URL: https://www.gu-group.com/
Business Overview: web3 Wallet development, web3 browser development, and blockchain-related research.
Affiliated Companies: Japan Blockchain Foundation Co., Ltd., G.U. Technologies Co., Ltd.
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G.U.Group, inc. - Public Relations
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