Zytara and Prime Trust unveil stablecoin

Zytara and Prime Trust unveil stablecoin

FinTech company Zytara has announced the upcoming launch of the Zytara dollar (ZUSD) stablecoin in partnership with its wholly-owned subsidiary Zytara Capital LLC (Zytara Capital) and Prime Trust, the leading Universal Asset Platform that enables payments, custody and settlement of alternative assets.

This follows news earlier this month around Zytara’s plan to launch the first-of-its-kind digital banking platform and payment network for Millennials, Gen Z gamers and esports enthusiasts.

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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.