1. What is GYEN?

Introduction to GYEN Tokens

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, designed to maintain a stable exchange rate with the Japanese yen.

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

Unlike other crypto assets, GYEN is designed to reduce price volatility, providing a more stable store of value and medium of exchange. However, as a token, GYEN may still be subject to market risk and price fluctuations.

2. Who founded GYEN?

Tokens GYEN was established 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 through the token expansion capabilities of Solana. Therefore, GMO is one of the venture capital firms that invested in Tokens GYEN.

4. How does GYEN work?

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 regulated by the New York State Department of Financial Services, which ensures its legitimacy and compliance with strict financial standards.

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

3. Blockchain Basis: 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, providing cross-platform interoperability and broad accessibility.

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

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 combines the stability of the yen with the flexibility of blockchain technology, providing a secure, reliable, and widely accessible digital currency.