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ZUSD is a USD-pegged stablecoin issued by GMO-Z.com Trust Company, a New York-regulated limited purpose trust company supervised by the New York State Department of Financial Services. It is used for payments, remittances, and can be purchased and redeemed 1:1 against the USD. Reserves are held in insured financial institutions and in government money-market funds or U.S. Treasury bills, with monthly public audits by an independent accounting firm to ensure 1:1 backing.