GustoDevelopment Launches Support for JPYC-based DeFi and Payment Applications

Introduction to GustoDevelopment's New Service

GustoDevelopment Corporation, located in Tochigi City, Tochigi Prefecture, led by CEO Akira Mitsuyu, has announced the launch of a new support service focusing on the development of decentralized finance (DeFi) applications and payment solutions that leverage JPYC, a stablecoin pegged to the Japanese yen. This service aims to facilitate businesses in integrating stablecoin payment solutions and creating their own unique DeFi services.

Background and Purpose

As the world embraces cryptocurrencies and blockchain technology, the use of stablecoins—cryptocurrencies designed to have a relatively stable value—has been on the rise globally. In Japan, JPYC is gaining momentum as a stablecoin that complies with domestic regulations and is being adopted in various sectors including eCommerce payments, digital gifts, and Web3 services.

Many businesses, however, are primarily using stablecoins just as a means of payment and fail to tap into the full potential of developing innovative financial services (DeFi) or customized applications with unique payment flows. GustoDevelopment has stepped in to address this challenge by combining its extensive system development experience with blockchain technology, thereby facilitating the next generation of application development utilizing JPYC.

Overview of the New Service

GustoDevelopment offers a comprehensive suite of services related to the introduction and application of stablecoins.

1. DeFi and Payment Application Development:
- Tailored support for developing unique applications based on JPYC that align with customers' business models. Examples include:
- In-house currency or point systems
- DeFi services such as staking or lending
- Payment infrastructure for NFT marketplaces
- Payment applications with custom logic.

2. Stablecoin Payment Development Support:
- Consulting and development services to integrate stablecoin payment functionalities into existing eCommerce platforms, physical stores (POS), and other services.

3. Partnership with SuzuPay for Enhanced Payment Functions:
- To bolster the services mentioned above, GustoDevelopment has established a partnership with SuzuPay, a multi-chain stablecoin payment gateway.
- This collaboration allows systems developed by GustoDevelopment to support not only JPYC but also global stablecoin payments such as USDT (Tether) and USDC (USD Coin). As a result, it strengthens the development of payment solutions catering to both domestic users and the inbound demand from international visitors to Japan.

Future Plans

GustoDevelopment aims to elevate the utilization of stablecoins, such as JPYC, from simply being a payment option to becoming a tool for creating business value. By promoting the development of new applications that integrate blockchain technology and finance, the company seeks to contribute to the advancement of Japan's Web3 and stablecoin ecosystem.

Company Overview

GustoDevelopment Corporation
Founded: October 25, 2022
Headquarters: 1-15-32 Katanagi-cho, Tochigi City, Tochigi Prefecture
CEO: Akira Mitsuyu
Business Activities: System development (AI, blockchain), human resource services, new business development support
Website: GustoDevelopment

SuzuPay
Business Activities: Development and operation of stablecoin payment solution „SuzuPay“
Website: SuzuPay (currently offering beta service)