First-of-Its-Kind Digital Banking Platform Zytara to Launch ZUSD Stablecoin in Collaboration with Prime Trust

First-of-Its-Kind Digital Banking Platform Zytara to Launch ZUSD Stablecoin in Collaboration with Prime Trust

The initial launch of ZUSD will take place on the Ethereum blockchain, the current hub for blockchain development and asset issuance. 

Zytara, a newly launched fintech aiming to be a digital banking platform and payment network for Millennials, Gen Z gamers, and esports enthusiasts has announced the upcoming launch of its Zytara dollar stablecoin (ZUSD). With this move, Zytara enters two burgeoning industries, the now multi-billion dollar stablecoin industry, as well as online gaming, which is set to hit $196 billion in 2022, data shows.

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All asset custody, funds processing, convertible virtual currency administration, trustee and fiduciary services are provided by Prime Trust, a Nevada chartered financial institution and licensed trust company. Digital assets are held in secure cold storage and USD funds are held in FDIC-insured bank accounts by Prime Trust. Zytara Capital is not a licensed financial institution and Zytara Capital does not manage nor take custody of client funds. Prime Trust neither endorses nor guarantees any of the information, recommendations, optional programs, products, or services advertised, offered by, or made available through the external website (“Products and Services”) and disclaims any liability for any failure of the Products and Services.