GYEN (GYEN) price, chart, coin profile and news

Find the latest GYEN (GYEN) price, coin profile, news and history to get you started with GYEN trading and investing.

+ $0.0001 ( + 0.80%)

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What is GYEN?

GYEN is a Japanese Yen (JPY) stablecoin developed by GMO Trust. Launched in 2020, GMO Trust is a company focused on combining the world of traditional finance with blockchain. One of its first products was GYEN. The coin was the first ever Japanese Yen stablecoin created and was developed as an alternative to the numerous US dollar stablecoins that litter the cryptocurrency industry. Like US dollar equivalents, the stabelcoin is intended to be used as a place to store funds away from the volatility of the cryptocurrency markets.

According to the project’s website, the GYEN stablecoin is 100% backed by physical Japanese Yen. For every 1 GYEN stablecoin in circulation there is an equivalent number of Japanese Yen stored within trustee bank accounts. As new tokens are purchased, more Japanese Yen is added to funds. When GYEN tokens are sold, Japanese Yen funds are removed. Every GYEN token is always fully redeemable on a 1:1 basis with JPY. The token was developed and runs on top of the Ethereum blockchain. In addition to GYEN, GMO Trust also offers users access to ZUSD, the company’s US dollar stablecoin token.

GYEN (GYEN) is the 483rd largest cryptocurrency in the world by market cap, valued at $41,855,606. The current price of GYEN is $0.0111642048, which is 0.558% higher than yesterday. Prices have ranged between $0.0111804624 and $0.011086776 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

GYEN (GYEN) price

Use our graph to track the performance of (GYEN) over time.

GYEN at a glance

Information last updated May 18, 2022 03:05 UTC.
Coin symbol GYEN
Coin Marketcap AUD$41,855,606
Total GYEN supply 5,396,921,683
Circulating GYEN 5,396,921,683
Current price AUD$0.0111642048
All time high AUD$0.1296
All time high date November 17, 2021

GYEN price performance over time

Historical prices compared with the price of $0.0111642048.

1 hour 0.02%
24 hours 0.56%
7 days 1.25%
14 days 1.25%
30 days -1.45%
60 days -7.59%
200 days -11.30%
1 year -14.12%

Disclaimer: Cryptocurrencies, including GYEN, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of GYEN is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the GYEN or any other cryptocurrency discussed.

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