GMO Japanese Yen
Market Open
7 May, 15:58
$
0. 006907
-0.000017
-0.2455%
$
587,093 Volume
$ 0.006924
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GYENUSD Overview
GYENUSD denotes the market price of GMO Japanese Yen (GYEN) denominated in US Dollars (USD). It reflects how much one unit of the GYEN token is worth when converted into USD on cryptocurrency markets.
GMO Japanese Yen (GYEN) is a fiat-collateralized stablecoin introduced by GMO Trust, part of the GMO Internet Group, around 2020. The token is blockchain-based and designed to maintain a one-to-one peg with the Japanese yen; the issuer manages fiat reserves and operational controls to support price stability rather than relying on full decentralization.
The GYENUSD rate is set by supply and demand dynamics across exchanges where the token trades. Liquidity and order flow on centralised and decentralized venues, market sentiment toward stablecoins, and broader foreign exchange trends — notably USD/JPY moves and interest-rate differentials — all influence the quoted price and any deviations from the peg.
Traders and investors use GYENUSD to hedge JPY exposure, execute yen-denominated trades within crypto markets, and facilitate on- and off‑ramps between fiat and digital assets. It also serves as a vehicle for arbitrage between yen and dollar liquidity pools.
While GYEN is typically less volatile than non‑pegged tokens, its effective stability depends on liquidity and the issuer’s reserve practices; under thin market conditions spreads and short-term departures from the peg can occur.
GMO Japanese Yen (GYEN) is a fiat-collateralized stablecoin introduced by GMO Trust, part of the GMO Internet Group, around 2020. The token is blockchain-based and designed to maintain a one-to-one peg with the Japanese yen; the issuer manages fiat reserves and operational controls to support price stability rather than relying on full decentralization.
The GYENUSD rate is set by supply and demand dynamics across exchanges where the token trades. Liquidity and order flow on centralised and decentralized venues, market sentiment toward stablecoins, and broader foreign exchange trends — notably USD/JPY moves and interest-rate differentials — all influence the quoted price and any deviations from the peg.
Traders and investors use GYENUSD to hedge JPY exposure, execute yen-denominated trades within crypto markets, and facilitate on- and off‑ramps between fiat and digital assets. It also serves as a vehicle for arbitrage between yen and dollar liquidity pools.
While GYEN is typically less volatile than non‑pegged tokens, its effective stability depends on liquidity and the issuer’s reserve practices; under thin market conditions spreads and short-term departures from the peg can occur.
GYENUSD Chart
GYENUSD FAQ
What is the current GMO Japanese Yen price?
The current price is $0.006907, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.000017 (-0.2455%), showing how much the asset has moved compared to the previous close.
What is the previous close for GMO Japanese Yen?
The previous close was $0.006924, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.2455%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.006906) and highest ($0.006970) prices traded during the selected period, helping assess volatility.
Why is GMO Japanese Yen (GYEN) moving today?
Price movements in GMO Japanese Yen are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.006907) is below the previous close ($0.006924), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for GMO Japanese Yen?
You can view real-time charts, price updates, and market data for GMO Japanese Yen (GYEN) directly on this page.
