GYEN is a stablecoin designed to maintain a stable value by being pegged to the Japanese yen, facilitating various financial transactions in the digital assets ecosystem.

How does GYEN operate?

GYEN is issued on multiple blockchains, such as Ethereum and Stellar, allowing for near real-time issuance and transaction monitoring.

What are the technical characteristics of GYEN?

GYEN is categorized as a stablecoin, asset-backed stablecoin, and fiat stablecoin, and it operates within the Stellar ecosystem.

What are the risks associated with transferring GYEN?

Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and understand the custody method.

How can I verify GYEN before acquiring it?

Verify the asset name, network, and any supplied contract details before transferring. Ensure the destination address and network are correct.

Where can I find official resources for GYEN?

Official resources for GYEN can be found on its website and through various blockchain explorers.

GYEN (GYEN)

Rank #806

Market snapshot

Price: $0.00617173
Market cap: $13.0M
24h volume: $30.67
Circulating supply: 2,098,780,833
Total supply: 2,098,780,833
Max supply: N/A

What is GYEN?

GYEN is a stablecoin that aims to provide a digital representation of the Japanese yen. It is designed to maintain price stability by being backed by traditional fiat currency. GYEN operates on multiple blockchains, including Ethereum and Stellar, allowing for efficient transaction processing and monitoring.

How GYEN works

GYEN and its counterpart ZUSD are issued on multiple blockchains, such as Ethereum and Stellar. This multi-chain issuance enables near real-time issuance, redemption, and transaction monitoring. The GYEN stablecoin connects traditional finance with blockchain technology, empowering users with financial-grade digital assets.

Key information

Symbol: GYEN
CMC rank: #806
Network / platforms: Arbitrum, Ethereum, Solana, Stellar
Categories: N/A
Date added: Mar 10, 2021

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0x589d35656641d6aB57A545F08cf473eCD9B6D5F7
Ethereum
0xC08512927D12348F6620a698105e1BAac6EcD911
Solana
Crn4x1Y2HUKko7ox2EZMT6N2t2ZyH7eKtwkBGVnhEq1g

Key characteristics

GYEN is categorized as a stablecoin, asset-backed stablecoin, fiat stablecoin, and part of the Stellar ecosystem. Its design allows for participation from various custodians and wallet services, enhancing its functionality within the digital assets ecosystem.

Documented uses

GMO Trust’s stablecoins, including GYEN, are supported by Tier 1 custodians and wallet services, enabling a wide range of use cases across the digital assets ecosystem.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is GYEN?: GYEN is a stablecoin designed to maintain a stable value by being pegged to the Japanese yen, facilitating various financial transactions in the digital assets ecosystem.
How does GYEN operate?: GYEN is issued on multiple blockchains, such as Ethereum and Stellar, allowing for near real-time issuance and transaction monitoring.
What are the technical characteristics of GYEN?: GYEN is categorized as a stablecoin, asset-backed stablecoin, and fiat stablecoin, and it operates within the Stellar ecosystem.
What are the risks associated with transferring GYEN?: Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and understand the custody method.
How can I verify GYEN before acquiring it?: Verify the asset name, network, and any supplied contract details before transferring. Ensure the destination address and network are correct.
Where can I find official resources for GYEN?: Official resources for GYEN can be found on its website and through various blockchain explorers.

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