GYEN GYEN Price

GYEN (GYEN): A Transparent and Stable Digital Currency

GYEN (GYEN) is a digital currency issued by GMO-Z.com Trust Company, Inc., a subsidiary of the GMO Internet Group. Launched in May 2020, GYEN is designed to provide a stable and transparent digital asset pegged 1:1 to the Japanese Yen (JPY).

Stability and Fiat Backing

One of the key features of GYEN is its stability. Each GYEN token is 100% fiat-backed, ensuring that it is always redeemable at a 1:1 ratio with the Japanese Yen. This stability makes GYEN a reliable digital asset for various use cases, including payments, remittances, and trading.

Transparency and Accountability

GMO-Z.com Trust Company, Inc. maintains a high level of transparency and accountability with GYEN. Third-party attestations of the company's U.S. Dollar and Japanese Yen reserves are conducted regularly by an independently registered accounting firm. Monthly attestation reports are published on the GMO Trust website, providing users with a clear view of the backing assets.

Multi-Chain Support

GYEN is issued on multiple blockchains, including Ethereum and Stellar. This multi-chain support allows for near real-time issuance, redemption, and transaction monitoring. Additionally, GMO Trust plans to release GYEN on more blockchains in the future, further increasing its accessibility and utility.

Direct Issuance and Redemption

GMO Trust issues and redeems GYEN directly, eliminating the need for middlemen. This direct approach enhances security, transparency, and service quality while reducing transaction costs for users.

Wide Range of Use Cases

GYEN is supported by a number of Tier 1 custodians, wallet services, centralized, and decentralized venues. This broad support enables a wide range of use cases across the digital assets ecosystem, including trading, payments, and remittances.

GYEN (GYEN) offers a stable and transparent digital currency solution, backed by the GMO Internet Group's reputation and expertise. With its 1:1 peg to the Japanese Yen, multi-chain support, and transparent fiat backing, GYEN is well-positioned to be a reliable digital asset for individuals and businesses alike.

What is unique about GYEN (GYEN)?

GYEN is unique for its 1:1 peg to the Japanese Yen, ensuring stability, and its transparent, multi-chain support for fast transactions.

Who are the founders of GYEN (GYEN)?

The founders of GYEN are GMO-Z.com Trust Company, Inc., a subsidiary of the GMO Internet Group, led by CEO Masatoshi Kumagai.

Who are the backers/investors of GYEN (GYEN)?

The GMO Internet Group is the primary backer of GYEN, ensuring its stability and reliability in the digital assets ecosystem.

Where can I buy GYEN (GYEN)?

You can buy GYEN (GYEN) on Uniswap V2 (Ethereum), Mercado Bitcoin cryptocurrency exchanges.