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GYEN’s Listing: How Feasible is a Japanese Yen Stablecoin?

byOlayinka Sodiq

7 October 2024

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 ...

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ETH $2,479.80 -1.41% POLY $792.15 +0.00% APE $748.09 +0.00% FET $226.49 +0.00% GTC $2,668.91 +0.00% LINK $11.42 +0.48% BTC $76,946.48 -0.77% PERP $47.36 +0.00% UNI $6.68 +6.38% QNT $64.45 +0.00% ETH $2,479.80 -1.41% POLY $792.15 +0.00% APE $748.09 +0.00% FET $226.49 +0.00% GTC $2,668.91 +0.00% LINK $11.42 +0.48% BTC $76,946.48 -0.77% PERP $47.36 +0.00% UNI $6.68 +6.38% QNT $64.45 +0.00%

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