Currencies28293
Market Cap$ 2.58T-6.02%
24h Spot Volume$ 90.25B+9.52%
BTC Dominance51.65%+1.64%
ETH Gas11 Gwei
Cryptorank
Report issue
GYEN

GYEN GYEN Price $ 0.00646

Rank: 1014

28 Watchlists

Stablecoin

GYEN Price

0.00646
0.07%
($ 0.00...484)
Price Range
LowHigh
$ 0.00642$ 0.00646

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

GYEN is a stablecoin running on Ethereum that’s intended to maintain a value of one Japanese Yen.

GYEN (GYEN) Chart

The GYEN to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

GYEN to USD Converter

GYEN (GYEN)GYEN

GYEN Price Statistics

leaderboard

Market Cap

$ 18.90M

FDV

$ 18.90M

ATH Market Cap

$ 223.41M

24 Trade Vol.

$ 19.69K


Vol. (24h) / MCap

0.00104

Total Supply

GYEN 2,925,979,680

Circulating Supply

GYEN 2.93B

(100% of Total Supply)

Listing Date

15 Aug 2021

All Time High

$ 0.0533

17 Nov 2021


All Time Low

$ 0.00611

5 Feb 2024


From ATH

87.9%

From ATL

5.78%

What is GYEN (GYEN)?

GYEN is a stablecoin issued by the GMO-Z.com Trust Company Inc. The GMO Internet Group (GMO) was launched in 1995 and has grown to be one of the largest global providers of internet services.

GYEN is an ERC20 standard token that is pegged 1:1 to the value of the Japanese Yen. The stablecoin was created in order to address the issues of extreme volatility within the blockchain world by transferring the value and price stability of the Japanese Yen to digital cryptocurrency ecosystems. 

The team also hopes to diversify the current stablecoin market, which is currently dominated by U.S. Dollar pegged coins. However, it is worth noting that the team has also created the ZUSD stablecoin. It is also ERC20 standard but is pegged 1:1 to the value of the U.S Dollar.

What are GYEN’s key features and how does it work?

GYEN is 100% fiat-collateralized and is only issued when the equivalent fiat is deposited. GMO issues and redeems stablecoins via Ethereum smart contracts. This helps to ensure that human error is minimized. This also removes the need for middlemen and any associated extra fees and allows for increased security and transparency. Users receive and redeem GYEN tokens via a dedicated GMO platform. 

What can GYEN be used for?

The GYEN token can be within a broad range of use cases, both short-term and long-term. For example, GYEN can be used to purchase other digital assets, used for volatility hedging during periods of extreme market volatility, as well as interact with DeFi protocols that support the GYEN token. Additionally, GYEN can be used as a global cross-border payment for the Yen-based economy.

Some other use cases include:

  • Peer-to-peer trading that allows for fast, low fees, and a trustless medium of exchange
  • Trading on centralized and decentralized exchanges 
  • Fiat Equivalent for Trading for use when executing currency trading strategies

Where can you buy GYEN?

GYEN is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are CoinBase Pro and Uniswap V2. The price of GYEN will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for GYEN market price, please view the price charts on this page.

GYEN Price Today

GYEN's current price is $ 0.00646, it has increased +0.07% over the past 24 hours.

GYEN's All Time High (ATH) of $ 0.0533 was reached on 17 Nov 2021, and is currently -87.9% down.

The current circulating supply of GYEN is 2.93 Billions tokens, and the maximum supply of GYEN is 2.93 Billions.

GYEN’s 24 hour trading volume is $ 19.69 Thousands.

GYEN's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 18.90 Million.

You can find more details about GYEN on its official website and on the block explorer.

Trending Coins and Tokens