WebJul 17, 2024 · As a stablecoin, GYEN resolves the problem of crypto volatility just like any other stablecoin. Backed by a fiat currency, and with its price pegged to said currency — Japanese yen (JPY), GYEN is a perfect solution for investors who wish to preserve the … GYEN was primarily designed with trading in mind. It allows investors to trade cryptocurrency and yen pairs without any need for centralised assets. Currently, GYEN can be traded on five exchanges, Liquid, INX, Nexus, Coinbase and Uniswap. Another use case for the GYEN stablecoin is passive income. Investors are … See more The premise of GYEN is simple. It is an Ethereum-based stablecoin pegged to the value of one yen. Instead of having to cash out of crypto to fiat currency, investors trading with yen can utilise the stablecoin. GYEN … See more ZUSD and GYEN are built with the same mechanics. The first important thing to understand is that they are 100% fiat-backed. This means that every one GYEN represents one yen being held in GMO-Z.com’s reserves. … See more GMOZ is one of the very few, if not only one, to offer a yen-pegged cryptocurrency. This gives it first mover advantage compared to the saturated US dollar stablecoin market. However, Mitsubishi, Japan’s biggest … See more GYEN went live in March 2024 and for most of the year it stayed close to the 1 yen mark, according to CoinGecko. But it was rocked by major scandal in late 2024 that is proving to still have consequences to this day. The … See more
What Is GYEN (GYEN)? Your Ultimate Guide
WebFeb 7, 2024 · Is GYEN (GYEN) a Good Investment Monday? ... GYEN achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge … green meadows estates todd nc
GYEN Coin Price Prediction – 2024, 2025, 2030 - Bitcoin Wisdom
WebIf you are trying to find cryptocurrencies with good return, you should explore the maximum of available sources of information about GYEN in order to make such a responsible decision about the investment by yourself. GYEN price equal to $0.007512 USD today, but the price can go both up and down and your investment may be lost, because ... WebMay 12, 2024 · Binance and the GMO Internet Group have partnered to list GYEN — the 100%-backed Japanese yen stablecoin, now available for purchase and trading on Binance. GYEN, a regulated stablecoin pegged to the Japanese yen, will start trading on Binance today. This follows a partnership between Binance — the world’s largest cryptocurrency … WebGYEN Price Current Data. GYEN price today is $0.00757 USD, which is Up by 0.31% over the last 24 hours. There has been an hourly Rise by 0.02%. GYEN's market cap currently sits at $20,716,388.16 USD, holding up for a market cap rank at #622. The volume were at $445,312.75 USD GYEN ranks no 622 in the market capitalization of GYEN is at ... flying pegasus railroad