GYEN is a stable coin built on the Ethereum blockchain, backed by the Japanese Yen (JPY). According to its website, GYEN crypto is the first regulated digital JPY. This ERC-20 token is issued by GMO-Z.com Trust Company Inc (“GMO Trust”) and strictly pegged 1:1 to the Japanese Yen. The GYEN stablecoin is 100% fiat-backed. Meaning, the coin is 100% backed by the physical currency (JPY), which you can trade online in real-time at any GYEN-accepting exchange.
As per the whitepaper, the stablecoin is introduced to “alleviate the problems inherent with unregulated and non-fiat backed stablecoins. Moreover, the GYEN crypto offers high liquidity. You can always redeem 1 GYEN for 1 JPY directly with GMO Trust, or by trading with other digital assets on exchanges that list the stablecoin.
How Much is GYEN Crypto?
As of Nov 17,2021, GYEN’s price is $0.0474.
If you would like to buy GYEN, the top cryptocurrency exchanges for trading in GYEN stock are currently Coinbase Exchange, Gate.io, and Liquid.
Which products support GYEN?
| Send/Receive | Trading | |
|---|---|---|
| Coinbase | ✔ | ✔ |
| Pro | ✔ | ✔ |
| Wallet | ✔ | ✖️ |
What regions support GYEN?
| US | NY | CAN | EU | UK | DE | SG | JP | |
|---|---|---|---|---|---|---|---|---|
| Coinbase | ✔ | ✔ | ✔ | ✔ | ✔ | ✖️ | ✖️ | ✖️ |
| Pro | ✔ | ✔ | ✔ | ✔ | ✔ | ✖️ | ✖️ | ✖️ |
| Wallet | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✖️ |
Crypto to fiat trading pairs
| US | UK | EU | |
|---|---|---|---|
| USD | ✔ | ✖️ | ✖️ |
| GBP | ✖️ | ✖️ | ✖️ |
| EUR | ✖️ | ✖️ | ✔ |
Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Crypto to crypto trading pairs
| USDC | BTC | ETH | USDT | |
|---|---|---|---|---|
| GYEN | ✖️ | ✖️ | ✖️ | ✔ |
See the full list of countries that Coinbase supports for crypto-to-crypto trading.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
How many confirmations are needed for GYEN?
GYEN requires 35 network confirmation. Learn about transaction confirmations.
Which blockchain network hosts GYEN?
GYEN is hosted on Ethereum.
What are the minimum and maximum withdrawal amounts?
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.
These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.
Minimum: 0.000000000000000001 GYEN
Maximum: 13,736,264 GYEN
By Stealthoptional and Coinbase