1. What is GYEN?

Introduction to GYEN Cryptocurrency

GYEN is a stablecoin issued by GMO-Z.com Trust Company, headquartered in New York, and regulated by the New York Department of Financial Services. It is the world's first regulated yen-pegged stablecoin aimed at maintaining a stable exchange rate with the yen.

GYEN was launched on the Solana network, and in addition to GYEN, GMO-Z.com Trust Company also offers the US dollar stablecoin ZUSD. As a regulated stablecoin, GYEN is designed to provide users with a more stable and reliable cryptocurrency option.

Unlike other crypto assets, GYEN is designed to reduce price volatility, offering a more stable store of value and medium of exchange. However, as part of the cryptocurrency ecosystem, GYEN may still be subject to market risks and price fluctuations.

2. Who founded GYEN?

The cryptocurrency GYEN was founded by GMO-Z.com Trust Company (GMO Trust). GMO-Z.com Trust Company is a subsidiary of Japan's GMO Internet Group, headquartered in New York and regulated by the New York Department of Financial Services. GYEN is the world's first regulated stablecoin pegged to the yen.

3. Which venture capital firms invested in GYEN?

According to the information provided, the financial company GMO has built the regulated yen stablecoin GYEN using Solana's token extension capabilities. Thus, GMO is one of the venture capital firms that have invested in the cryptocurrency GYEN.

4. How does GYEN operate?

GYEN is a stablecoin pegged to the yen, and here are the key points of its operation:

1. Issuance and Regulation: GYEN is issued by GMO Trust and is regulated by the New York State Department of Financial Services, ensuring its legitimacy and compliance with strict financial standards.

2. Reserve Mechanism: GYEN maintains a 1:1 reserve ratio with the yen, meaning that every GYEN in circulation has an equivalent amount of yen held as a reserve, which can be directly redeemed through GMO Trust.

3. Blockchain Foundation: GYEN is built on the Ethereum blockchain, utilizing the security and efficiency of blockchain technology to record and verify transactions.

4. Trading and Usage: GYEN can be traded across multiple blockchains, offering cross-platform interoperability and wide accessibility.

5. Security: GYEN employs blockchain technology to ensure the security and anonymity of transactions, preventing fraud and hacking attempts.

6. Circulation and Supply: The circulating supply and total supply of GYEN is 2,098,780,833 GYEN, ensuring its stability and reliability.

In summary, GYEN provides a secure, reliable, and widely available digital currency by combining the stability of the yen with the flexibility of blockchain technology.