GYEN company info

What does GYEN do?
GYEN (CRYPTO:GYEN) is a Japanese yen-pegged stablecoin issued by GMO-Z.com Trust Company, a subsidiary of financial and IT conglomerate GMO Internet Group. It is the world's first regulated JPY-pegged stablecoin and is licensed by the New York State Department of Financial Services. GYEN is backed by a one-to-one ratio of Japanese yen held in segregated bank accounts at regulated financial institutions in Japan. This means that for every GYEN in circulation, there is one Japanese yen in a bank account backing it. This backing arrangement ensures that GYEN remains stable and pegged to the Japanese yen. GYEN can be used to make payments, send and receive remittances, and trade on cryptocurrency exchanges. It is also being used to develop new financial products and services, such as decentralized finance (DeFi) applications and lending protocols. GMO-Z.com Trust Company is actively working to expand the adoption of GYEN. The company has partnered with a number of leading cryptocurrency exchanges and wallets, and is working to integrate GYEN with a variety of merchants and payment processors. The main objective of GMO-Z.com Trust Company is to make GYEN the most widely used and trusted stablecoin in Japan. The company wants to make it easy for people to use GYEN to make payments, send and receive remittances, and trade on cryptocurrency exchanges. GMO-Z.com Trust Company also wants to make GYEN the go-to stablecoin for developers and businesses building new financial products and services. The company is working to integrate GYEN with a variety of DeFi applications, lending protocols, and other financial products and services. Overall, GYEN is a promising stablecoin with the potential to revolutionize the way people use and interact with Japanese yen.
GYEN company media