GYEN
StablecoinGMO JPY
Spot Price (USD)
No data
Source unavailable
Price
Not enough data yet
Overview
GYEN is the first regulated Japanese yen stablecoin, issued by GMO-Z.com Trust Company, a New York State-chartered limited purpose trust company. Each GYEN is backed 1:1 by JPY held in trust, with regular audits. Provides on-chain exposure to JPY for payments, remittances, and DeFi without counterparty risk from unregulated issuers.
Highlights
- First regulated JPY stablecoin, supervised by NYDFS
- Reserves held 1:1 in JPY at regulated Japanese banks
- Issued by GMO-Z.com Trust, part of the publicly-listed GMO Internet Group
- Useful for FX hedging, remittances, and JPY-denominated DeFi
What is a stablecoin?
A stablecoin is a token designed to track the value of a reference currency such as the US dollar or the euro. Issuers hold reserves (cash, short-term government debt, or other safe instruments) so that each token can be redeemed 1:1, giving holders price stability with the speed and global reach of blockchain settlement.
Details
SymbolGYEN
NameGMO JPY
ClassStablecoin
PegJPY
IssuerGMO Trust
Yield bearingNo
Price sourceUnavailable
Contract