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GYEN Price:
$41.2 K
All Time High:
Market Cap:
$23.7 M

Circulating Supply:
Total Supply:
Max Supply:


The price of #GYEN today is $0.00688 USD.

The lowest GYEN price for this period was $0, the highest was $0.00688, and the current live price for one GYEN coin is $0.00687807.

The all-time high GYEN coin price was $111.

Use our custom price calculator to see the hypothetical price of GYEN with market cap of ETH or other crypto coins.


The code for GYEN crypto currency is also #GYEN.

GYEN is 1.6 years old.


The current market capitalization for GYEN is $23,738,390.

GYEN is ranked #1107 out of all coins, by market cap (and other factors).


There is a modest daily trading volume on #GYEN.

Today's 24-hour trading volume across all exchanges for GYEN is $41,232.


The circulating supply of GYEN is 3,451,315,334 coins, which is 98% of the total coin supply.


GYEN is a token on the Ethereum blockchain.


GYEN has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.

View #GYEN trading pairs and crypto exchanges that currently support #GYEN purchase.


Note that there are multiple coins that share the code #GYEN, and you can view them on our GYEN disambiguation page.



Algorithms Are Unreliable; Fiat-Backed is the Answer ~Part2

“We look at them and we say, they’re part of an overall ecosystem that needs protection for the investors, protection against fraud and manipulation,” the SEC’s Gensler said of stablecoins. It’s understandable that investors are increasingly unwilling to park their funds in a place where a dollar might turn out to be worth 70 cents, or a quarter. It’s also reasonable to wonder, in light of the issues faced by Tether’s USDT, if fiat-backed stablecoins might be seen as similarly suspect. Let’s look at its brief depeg in May. The world’s biggest stablecoin by market cap fell to 95 cents after the collapse of Luna, but there were a few ameliorating factors. First, this occurred during crypto’s most unstable moment, its Krakatoa — an earthquake that ended up erasing a third of the market’s value. It would have almost been more surprising if USDT, which bears much of the burden of stablecoin potential, had not wobbled amid the vast panic. Second, this happened on secondary exchanges, rather than primary markets, and would better be described as a break in parity: USDT continued to offer 1:1 redeemability even during the so-called depeg. And finally, the reliability of USDT’s asset base had been widely questioned since last year, when a settlement with the New York Attorney General revealed that nearly half of USDT’s collateral (44%) was a form of short-term, unsecured corporate debt known as commercia...

Anchorage Digital Partners with Trust Company

Anchorage Digital Partners with Trust Company, Offering Institutions Custody and Trading for GYEN, the World’s First Regulated Japanese Yen-Backed Stablecoin - Anchorage Digital Partners with Trust Company, Offering Institutions Custody and Trading for GYEN, the World’s First Regulated Japanese Yen-Backed Stablecoin We are proud to announce that today, Trust Company, Inc., the U.S.-regulated stablecoin subsidiary of Japanese financial services and Internet conglomerate GMO Internet Group, has partnered with Anchorage Digital to bring GYEN, the world’s first regulated Japanese yen (JPY) stablecoin to Anchorage’s institutional clients. GYEN is the first JPY stablecoin approved by the New York State Department of Financial Services (DFS) and is a 1:1 backed stablecoin with assets held at FDIC insured banks. The partnership demonstrates Anchorage’s pioneering support for responsibly regulated stablecoins, and offers institutional traders another way to interact with JPY—expanding institutional trading participation in one of the world’s most traded currencies, known as a historical safe haven. Quotes: “GYEN is a great example of what we have long believed: regulated, compliant stablecoins make currencies more competitive globally through faster settlements, greater accessibility, and better affordability. We are pleased to bring our clients yet another stablecoin, offering them exposu...

Understanding the Layer 1 Blockchain: Algorand

The world of cryptocurrency is spellbinding and ever-evolving. Almost every month, we hear something new on coins, utility tokens, consensus protocols, and more. In this blog post, we will discuss a Layer 1 blockchain that offers high scalability with a unique consensus mechanism and expands the potential for the cryptocurrency space — Algorand. From how it works and how it differs from Ethereum, to the benefits it brings to NFT and DeFi space, we will look into Algorand from various aspects. Let’s get started. — What is Algorand? - Algorand is a blockchain platform that speeds up transaction processing and reduces the time taken to make the transactions on the network complete. It solves the blockchain trilemma through various improvements like using the Pure Proof of Stake (PPoS) consensus mechanism which chooses validators at random to maintain decentralization, paired with Byzantine Agreement (BA) which reduces fraud, decides how people must join the decentralized network, and offers a single verifiable source of truth. — How does it work? - Algorand uses two types of nodes, relay nodes, and participation nodes, to facilitate transaction speed and optimize decentralization simultaneously. Relay nodes are the network hubs that connect Algorand to the remaining nodes. On the other hand, participation nodes offer the required computing power to validate the transactions. Any node can be a relay or part...

GYEN and ZUSD support Ethereum’s the Merge

GYEN and ZUSD support Ethereum’s The Merge - The significant Ethereum upgrade, the transition from Proof-of-Work to Proof-of-Stake, is around the corner. As the token issuer of GYEN and ZUSD, we are excited about The Merge and will fully support the Ethereum Proof-of-Stake chain. Since the launch of GYEN and ZUSD, the world’s first regulated JPY-pegged stablecoin, and the regulated USD-pegged stablecoin issued on the Ethereum network, GMO Trust has been dedicated to building the future of digital assets. We believe after the upgrade, the reduction in energy consumption and the potential improvements in scalability will be essential elements for the development of the Ethereum ecosystem and the potential of digital assets. We will closely follow the progress of The Merge and prepare for any necessary support accordingly to be in line with the Ethereum official schedule. The upcoming upgrade will not affect the reserve asset value underlying GYEN and ZUSD. We expect to have a period of service downtime to align with the Ethereum upgrade schedule. During the suspension period, no actions are required on our customer’s side, while our platform for purchasing and redeeming the GYEN and ZUSD stablecoins, will be temporarily unavailable. The latest news and announcements will be updated on our Notification page. In the meantime, please be aware of any phishing or spoofing attempts during the transition period. After the upgr...

Algorithms Are Unreliable; Fiat-Backed is the Answer ~Part1

Photo by Quantitatives on UnsplashYou’ve got to sort of think, if you’re an investor, if it’s too good to be true, maybe it is. There’s only one true test of a stablecoin’s legitimacy: how well does it maintain its peg? From the start, the goal of stablecoins was to import some of the reliability of fiat currencies into the crypto universe. For many corporate and institutional investors, a key obstacle to embracing crypto has long been its volatility; the value of Bitcoin, for instance, has over the years shown a nasty habit of shifting 20–30 percent in a matter of days. But if a crypto token’s worth could be tied to the value of, say, greenbacks, its stability could be somewhat ensured, easing investor concerns and potentially opening the floodgates. And so it has come to pass: investment in stablecoins leaped five-fold over a recent 18-month stretch, from $27B in December 2020 to over $140B in August 2022, months after the collapse of Luna kickstarted the so-called crypto winter. Despite that sizable speed bump, stablecoins are still well positioned to be the main crypto entry point for major investors, lending real urgency to the question of which of the three main types of stablecoin — algorithmic, crypto-collateralized, or fiat-backed — is the most stable. The available evidence increasingly suggests the primary cause of Luna’s fall was not the fragility of the crypto marketplace or the Te...

Layer 1 Blockchain: Stellar — A Move towards facilitating Multi-Currency Transactions

Layer 1 Blockchain: Stellar — A Move towards facilitating Multi-Currency Transactions - Blockchain technology resulted in a new wave of cryptocurrency. While the consensus mechanism is widely adopted by blockchains which are also the basis of various cryptocurrencies, the core issue faced was still the time spent in reaching the agreement on the transaction validity. This, in turn, increased the block creation times, making transaction processing slower. To overcome this problem, several innovative attempts were made. One such instance is the prominent Layer 1 blockchain — Stellar. So far we’ve looked into several Layer 1 blockchains including Solana, Avalanche, and Klaytn. In the fourth article of the Layer 1 series, we will take a look into the Stellar blockchain, from how it works to the benefits it brings, and finally, how it is different from other blockchains in the crypto space. — What is Stellar? - Stellar is a blockchain-based payment protocol that enables cross-border payments and transactions between any pair of currencies. Similar to other blockchain-based networks, the transactions on the Stellar network are added to a public distributed ledger. It uses a consensus mechanism known as Stellar Consensus Protocol(SCP), based on the Federated Byzantine Agreement (FBA). The Stellar Consensus Protocol processes transactions at a faster rate and lowers costs, allowing everyone on the network to reac...

Layer 1 Blockchain: Avalanche — Enhancing Scalability through Multi-Chains

Layer 1 Blockchain: Avalanche — Enhancing Scalability through Multi-Chains - Blockchain technology led to the cryptocurrency revolution. Bitcoin, the pioneer in the crypto space, took the world by storm. Though bitcoin remained unflipped, it suffers from various limitations. With the idea of introducing new features in the cryptocurrency arena, altcoins emerged. Ethereum, the second-most popular cryptocurrency, incorporated features like Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi), and more. Despite this, it faces criticism due to its speed and high transaction costs. In the previous post, we discussed one of the popular Layer 1 blockchains, Solana, which uses the proof-of-history mechanism to provide faster speed with a lower fee for transactions. In this article, we will have a closer look at another Layer 1 blockchain, which supports NFTs, and DeFi aspects plus a high degree of scalability was developed to overcome these problems — Avalanche. — What is Avalanche? - Launched by Ava Labs in 2020, the Avalanche blockchain offers a highly scalable solution with support for decentralization, security, low transaction fees, and fast processing speeds. It is powered by its native token, AVAX, various distributed applications (Dapps), and several consensus mechanisms. Its native token AVAX is also the 14th-largest token with a market cap of $6 billion at the time of writing in July 2022. Essentia...

Traditional Finance and the Need for Crypto Regulation

This article is a full version of our latest series 'Traditional Finance and the Need for Crypto Regulation' — Part 1 — After the Terra Crash — - “Depression-era bank runs occurred in a number of ways, but the most common was a sharp drop in investor confidence — as we might see with today’s algorithmic stablecoins.” Last month in May 2022, the crypto industry experienced a shocking event that wiped out nearly $30 billion from the ecosystem, the Terra UST de-peg event. This event is fundamentally similar to a bank run which has happened numerous times historically and it is important to understand why bank runs happen and why regulations were created. In this blog post, we will take a deep dive into historical bank run events and how regulators were instrumental in addressing the problems. On December 10, 1930, a Bronx businessman visited his local branch of Bank of United States, which sounds like a government entity, but was actually one of the country’s largest commercial banks at the time. In need of cash, he wanted to sell his stock, but the bank manager refused, reportedly telling him it was a good investment. As he stormed out of the bank, the businessman warned all those waiting in the branch that the bank could not afford to make pay-outs as promised. Depression-era bank runs occurred in a number of ways, but the most common was a sharp drop in investor confidence — as we m...

FX Outlook on USD/JPY for H2 2022

As one of the most traded currency pairs in the forex market, the USD/JPY pair has always been an essential indicator to traders. In this blog post, we dig into key factors behind the USD/JPY upswing in Q2 from economic status and policy perspectives, and finally some outlook for the second half of 2022. — FX Outlook on USD/JPY for H2 2022 - USD/JPY has been rising since the start of the year. The pair has gained more than 18% due to the greenback’s upward momentum. In March 2022, the pair broke the 120 psychological level crossing its 2015 high. USD/JPY broke the 130-barrier too in June 2022. At the time of writing, the pair is trading at 136.97.USD/JPY all-time chart So, considering the Q2 price action, what can we expect from USD/JPY for the second half? In this guide, we’ll discuss the factors affecting the USD/JPY and present an outlook for the pair. — Factors affecting USD/JPY - Let’s talk about some factors influencing the movement of USD/JPY. — The economic status of the US - Rising gas costs, a hawkish Federal Reserve, and a generally deteriorating economy are the three concerns confronting the United States. In the first three months of 2022, the US economy shrunk at an annual rate of 1.6 percent. It was the first dip in GDP, the broadest measure of economic production, since the second quarter of 2020, when the country was in the grip of COVID-19, and it came after a robust 6.9 per...

Traditional Finance and the Need for Crypto Regulation ~ Part 4

Photo by Michael Förtsch on UnsplashIf DeFi has to take on elements of TradFi to survive and thrive, was all the attendant hope just hyperbole? Crypto’s Response The next key question involves the actions informed crypto firms are taking to help shape and begin to prepare for looming regulations. Some have been quick to act in advance of tighter regulations, thinking that if they are not ready to comply when regulations take hold they could face devastating consequences. Changpeng Zhao, founder-CEO of the top crypto exchange Binance, has been helping lead the charge. Appreciating the need for crypto players to reach alignment or consensus with regulators, Zhao has since spring been traveling from country to country meeting with treasury and finance officials. He also understands the importance of public messaging, signaled by sizable recent investments in Twitter ($500M), the newsy-est of social media platforms, and leading business news outlet Forbes ($200M). In January, Aave launched what may be the first permissioned protocol, Aave Arc, which is closely aligned with KYC and AML compliance standards. With Fireblocks as its first active whitelister, the lending protocol works the same as Aave, but with its own separate liquidity pool in which all users have been vetted and verified. The motivation behind the creation of Arc may have the FATF’s so-called travel rule, which is likely to see more robust global enforcement...


Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Fi...

    Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock's all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes 'Coinbase will need to make substantial reductions in its cost base.'Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable value during the last few months. When Coinbase first went public on April 14, 2021, the company's shares were listed on Nasdaq via a direct listing under the ticker COIN. At the time, the Coinbase initial public offering (IPO) reference price was set at $250, and investors saw the crypto exchange's listing as a 'watershed' moment. Following the stock coming out of the gate 14 months ago, amid that timeframe COIN tapped an ATH at $342.98 per share on November 12, 2021. Two days prior, bitcoin (BTC) reached its lifetime price high at $69K per unit. While BTC lost 70% over the next eight months, COIN has lost 83.68% since that time. On Monday, in a report published by Bloomberg, Goldman Sachs' analysts weighed in on Coinbase shares and downgraded the stock to a sell rating. In a note to investors, the investment bank's lead research analyst for payments and digital assets sectors, William Nanc... read More

Japanese giant GMO Internet Group to build blockchain business on Klaytn

    GMO Internet Group, a Japan-based internet service provider. announced it will partner with Klaytn Foundation to explore blockchain business on Klaytn, a blockchain initiative by the Kakao Group. This latest move is a continuation of the conglomerate's expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. It currently operates an online FX trading platform and brokerage, internet bank, payment gateway businesses, cryptocurrency exchanges, and is the issuer of stablecoins GYEN and ZUSD which are pegged to JPY and USD. Klaytn Foundation is a non-profit entity inSingapore that supports the Klaytn blockchain ecosystem by accelerating the sustainable global growth of Klaytn. Klaytn is a service-centric blockchain platform that aims to provide an intuitive development environment and user-friendly experiences for blockchain. 'The partnership of the largest internet company in Japan with one of the largest tech companies in Korea is one that encompasses a shared commitment to building new and open digital economies and offering a digital corridor to both marketplaces through the Klaytn blockchain. - David Shin, Head of Global Adoption at Klaytn Foundation Klaytn Foundation supports partners through various resources for testing the feasibility of blockchain businesses. One of the ways this is done is through the management of the USD $500 million Klaytn Growth Fund, which supports ecosystem players through various capi... read More

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