GYEN stablecoin backed by Japanese Yen, ERC20, pegged 1:1
GYEN is a stable ERC20 token pegged 1:1 to the Japanese Yen, backed by fiat, ensuring transparency, security, and usability across DeFi, trading, and cross-border payments.
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What is GYEN (GYEN)?
GYEN is a stablecoin issued by GMO-Z.com Trust Company Inc., pegged 1:1 to the Japanese Yen and built on the ERC20 standard. It aims to bring the stability of the Japanese Yen into the digital asset ecosystem, addressing the volatility common in cryptocurrencies. The coin is fully backed by fiat reserves; GYEN tokens are issued and redeemed via Ethereum smart contracts, ensuring transparency and reducing human error without intermediaries. Users can buy, sell, and use GYEN for various purposes, including trading, hedging, cross-border transactions, and interacting with DeFi protocols supporting the token. GYEN is available on several exchanges, notably Coinbase Pro and Uniswap V2, with prices fluctuating based on market conditions.
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GYEN price live information
As of now, GYEN is trading at 0.006886 USD, with a 24-hour trading volume of approximately 0 USD. The GYEN to USD price is updated in real time. Over the past 24 hours, GYEN has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 14.45M USD. Currently, there are 2 098 780 833 GYEN in circulation out of a maximum supply of 2 098 780 833 GYEN.
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