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Use Cases
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Facilitating quick and inexpensive cross-border transactions with the stability of the Japanese Yen.
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Providing a hedge against market volatility within cryptocurrency portfolios.
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Enabling efficient financial transactions and settlements between global trading partners.
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Allowing users to engage in DeFi applications with a stable asset pegged to fiat currency.
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Serving as a stable currency option for remittances and international transfers.
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Supporting online purchases and merchant payments in a stable currency leveraging crypto infrastructure.
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About
GYEN is a stablecoin that is pegged to the Japanese Yen, offering users the benefits of blockchain technology with the price stability of traditional fiat currency. Initially created by GMO-Z.com Trust Company, a subsidiary of the GMO Internet Group, GYEN was launched to provide a reliable digital currency option for those looking to interact with the Japanese marketplace or hedge against crypto market volatility. Built on the Ethereum blockchain, GYEN is an ERC-20 token, ensuring compatibility with a wide array of Ethereum-based applications and wallets. The stablecoin is fully backed by reserves, with regular audits conducted to ensure transparency and trustworthiness. By combining the growing utility of cryptocurrencies with the stability of the Yen, GYEN presents itself as an effective tool for both personal and institutional financial operations.