[{"data":1,"prerenderedAt":332},["ShallowReactive",2],{"api/learn-center-post-en-GB-what-is-gyen":3,"en-gb/learn/cryptocurrency-guide/what-is-gyen-en-GB-seo":63,"footer-en-GB":68,"navigation-en-GB-learn-center":241,"api/learn-categories-en-GB":292},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":45,"title":5,"formattedPublishedAt":56,"geofencings":57,"category":58,"pagination":60,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is GYEN?","What is GYEN? - Cryptocurrency Guide","What is GYEN? How does GYEN work? Read our guide to the GMO Trust’s Japanese yen stablecoin and start trading GYEN.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/GYEN_1png_3eefe95e74_acde298654.png","image/png",".png",744,381,"GYEN_1png_3eefe95e74.png","",[],[20,23,26],{"pathname":21,"locale":22},"/learn/cryptocurrency-guide/what-is-gyen/","en",{"pathname":24,"locale":25},"/es/learn/cryptocurrency-guide/what-is-gyen/","es",{"pathname":27,"locale":28},"/en-gb/learn/cryptocurrency-guide/what-is-gyen/","en-GB",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-gyen",false,"\u003Cp>GYEN is a fiat-backed stablecoin that tracks the price of the Japanese yen (JPY) and is issued by Japan’s GMO-Z.com Trust Company.\u003C/p>\n",{"url":39,"mime":40,"ext":41,"width":42,"height":43,"name":44,"alt":17},"bitstampImageUrl/what_is_gyensvg_5eb47dd9d4_d654463935.svg","image/svg+xml",".svg",1676,858,"what_is_gyensvg_5eb47dd9d4.svg",[46],{"component":47,"props":48,"content":49,"secondaryContent":53,"ctas":54,"secondaryCtas":55,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":50,"width":51,"align":52},"\u003Cp>GYEN is a fiat-backed stablecoin that tracks the price of the Japanese yen (JPY) and is issued by Japan’s GMO-Z.com Trust Company.\u003C/p>\n\u003Cp>At its launch, GYEN joined a growing field of stablecoins composed largely of tokens pegged to the U.S.\u003C/p>\n\u003Cp>Dollar or Euro. The token’s peg to the Japanese Yen (JPY) made it stand out among its peers. Issued by GMO-Z.com Trust company (aka “GMO Trust”), GYEN gives crypto users exposure to the Japanese fiat currency in the digital space.\u003C/p>\n\u003Cp>GYEN was released alongside GMO Trust’s U.S. Dollar stablecoin, ZUSD, which was built using the same design. Therefore, all aspects of ZUSD are applicable to GYEN—apart from the pegged fiat currency.\u003C/p>\n\u003Ch2>How was GYEN developed?\u003C/h2>\n\u003Cp>GYEN is issued by GMO-Z.com Trust Company, otherwise known as GMO Trust. The company is a New York-based subsidiary of the Japanese GMO Internet Group Inc.\u003C/p>\n\u003Ch2>How does GYEN work?\u003C/h2>\n\u003Cp>GYEN was designed as an \u003Ca href=\"/en-gb/learn/crypto-101/what-is-erc20/\">ERC-20\u003C/a> token on the \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> blockchain, but it was later introduced to other chains such as \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-solana-sol/\">Solana\u003C/a> and \u003Ca href=\"/en-gb/learn/cryptocurrency-guide/what-is-stellar-xlm/\">Stellar\u003C/a>—along with its companion stablecoin, ZUSD. GMO Trust’s customers can interact directly with the company through an online platform that allows them to receive newly minted GYEN in exchange for depositing an equivalent value of assets. Users can also obtain GYEN on the open market through decentralized exchanges or other means, and it can be used just like any other stablecoin.\u003C/p>\n\u003Cp>Further information about GMO Trust’s design of GYEN and ZUSD can be found in Bitstamp by Robinhood’s article about ZUSD.\u003C/p>\n\u003Ch2>Conclusion\u003C/h2>\n\u003Cul>\n\u003Cli>\u003Cp>GYEN is a fiat-backed, JPY-pegged stablecoin issued by the GMO-Z.com Trust Company.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>GYEN provides GMO Trust’s customers with digital exposure to the Japanese yen and the ability to participate in the crypto economy using Japan’s fiat currency.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>In addition to GYEN, GMO Trust issues the US dollar-pegged ZUSD stablecoin. The two tokens are based on the same design and have had a similar course of development.\u003C/p>\n\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"July 29th, 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Kingdom",{},{},{"title":201,"content":17,"items":202},"Contact",[203,208,212,216,220,224,229,234],{"noFollow":36,"isExternal":36,"name":204,"value":205,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":206,"geofencings":207},"Customer 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":230,"value":231,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":232,"geofencings":233},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":235,"value":236,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":237,"geofencings":238},"+352 20 88 10 96","+35220881096",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"items":242,"ready":33,"platformButtonText":288,"backButtonText":289,"logInButtonText":290,"signUpButtonText":291},[243,248,254,257,261,266,271,274,279,284],{"headerName":244,"sidemenuName":125,"url":245,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":246,"submenu":247,"tag":17},"Institutions","/en-gb/institutional-trading/",{},[],{"headerName":249,"sidemenuName":249,"url":250,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":251,"submenu":252,"tag":253},"Derivatives","/perpetual-futures/",{},[],"NEW",{"headerName":140,"sidemenuName":140,"url":141,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":255,"submenu":256,"tag":17},{},[],{"headerName":258,"sidemenuName":258,"url":113,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":259,"submenu":260,"tag":17},"Mobile App",{},[],{"headerName":262,"sidemenuName":262,"url":263,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":264,"submenu":265,"tag":17},"Markets","/markets/",{},[],{"headerName":267,"sidemenuName":267,"url":268,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":269,"submenu":270,"tag":17},"Earn Stake","/en-gb/crypto-staking/",{},[],{"headerName":117,"sidemenuName":117,"url":118,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":272,"submenu":273,"tag":17},{},[],{"headerName":275,"sidemenuName":275,"url":276,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":277,"submenu":278,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":280,"sidemenuName":280,"url":281,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":282,"submenu":283,"tag":17},"Learn","/learn/",{},[],{"headerName":285,"sidemenuName":285,"url":113,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":286,"submenu":287,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[293,297,301,305,309,313,316,320,324,328],{"title":294,"url":295,"geofencings":296},"Blockchain technology","/en-gb/learn/blockchain/",{},{"title":298,"url":299,"geofencings":300},"Company profiles","/en-gb/learn/company-profiles/",{},{"title":302,"url":303,"geofencings":304},"Crypto 101","/en-gb/learn/crypto-101/",{},{"title":306,"url":307,"geofencings":308},"Crypto definitions","/en-gb/learn/crypto-definitions/",{},{"title":310,"url":311,"geofencings":312},"Crypto trading","/en-gb/learn/crypto-trading/",{},{"title":32,"url":314,"geofencings":315},"/en-gb/learn/cryptocurrency-guide/",{},{"title":317,"url":318,"geofencings":319},"People profiles","/en-gb/learn/people-profiles/",{},{"title":321,"url":322,"geofencings":323},"Security","/en-gb/learn/security/",{},{"title":325,"url":326,"geofencings":327},"Tutorials","/en-gb/learn/bitstamp-tutorials/",{},{"title":329,"url":330,"geofencings":331},"Web3","/en-gb/learn/web3/",{},1777532327444]