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GYEN
GYEN

About 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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