GYEN’s Listing: How Feasible is a Japanese Yen Stablecoin?
The Japanese yen is a relatively volatile currency at the moment. In April 2024, the yen reached a 34-year low, trading at 160.15 yen per U.S. dollar, its weakest since 1990. Despite this, GMO-Z.com Trust Company made a notable move by listing GYEN—the first fully regulated stablecoin backed by the ...
