GYEN Price Prediction 2023-2030
The Latest Price of Gyen
GYEN is a stablecoin that is pegged to the Japanese yen. It is issued by GMO Coin, a financial subsidiary of GMO Internet Group. Here are some of the key features of GYEN:
- It is pegged to the Japanese yen, which makes it a stable and reliable currency.
- It is issued on the Ethereum blockchain, which makes it secure and transparent.
- It is approved under the Financial Instruments and Exchange Act, which gives it legal status in Japan.
GYEN is a 100% fiat-collateralized stablecoin that will only be issued when the corresponding collateralized fiat is placed in custody with a third-party trustee. GMO Trust provides a simple and easy-to-use platform for customers to receive and redeem GYEN. GYEN will be issued only when the corresponding fiat collateral has been deposited onto the platform. The exact amount of GYEN will be issued with an exchange rate of 1:1 after the fiat deposit is confirmed. Similarly, only when the deposit of GYEN to the platform is confirmed, will the process of redemption with an exchange rate of 1:1 into fiat currency begin.
GMO Trust leverages blockchain technology to provide a global payment, money transfer, trading, clearing, and settlement solution that mitigates the inherent volatility associated with traditional digital assets. It accomplishes this through leveraging trusted technology, enhanced regulatory oversight, and 1:1 issuance and redemption in both the Japanese Yen and U.S. Dollar.
Stable Coins of this nature tend to vary in a narrow range and hence are only to hedge one’s assets and payments.
GYEN Price Prediction: Social Media Buzz
| Metric | Trend |
|---|---|
| Social Mentions | Steady |
GYEN Price Prediction Today
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
GYEN Price Prediction 2023-2030
Over the last 12 months, GYEN has operated in a narrow range between $0.0066 and $0.0078 with one or two exceptional days.
GYEN Price Prediction: How to Buy GYEN?
Before we jump to where you can buy GYEN Coin, let us first discuss how to Buy GYEN:
Step 1: Find an exchange offering GYEN Coin for Trade
Step 2: Creating an account with the Exchange
Step 3: Verify your Identity
Step 4: Fund the Wallet
Step 5: Make Purchase
Where Can I Buy GYEN Tokens?
Users can purchase GYEN tokens on a few centralized and decentralized crypto exchanges such as Coinbase Exchange, UniS3wap and DFX Finance.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions.