Gyen is a stablecoin that allows people to trade seamlessly across its issuer’s fast global network of partner exchanges. It provides a hedge against volatility and alleviates digital fiat trading. If you would like to know where to buy GYEN, here are the top cryptocurrency exchanges for trading in it.
Top places to buy GYEN now
As GYEN is such a new asset, it's yet to be listed on major exchanges. You can still purchase GYEN using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GYEN right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and 'connect' your wallet to it.
4. You can now swap your ETH for GYEN
Now that you're connected, you'll be able to swap for 100s of coins including GYEN.
What is GYEN?
GYEN is issued by GMO-Z.com Trust, a company bridging the gap between traditional finance and the blockchain. GYEN is the first regulated stablecoin in the world, pegged to the Japanese yen (hence GYEN). This company also issues ZUSD, the new digital dollar.
GMO-Z.com Trust Company was founded last year and issued a limited purpose trust charter by the New York State Department of Financial Services. It is a subsidiary of GMO Internet Group, a Japanese financial and IT conglomerate.
Should I buy GYEN today?
Coinbase added it recently to its available trading pairs, which attracted interest in the coin. Analysts advise to see how it develops before buying.
GYEN price prediction
Digitalcoin predicts Gyen will climb to 4 cents in 2028. Its current price is $0.008997. WalletInvestor’s stance on the token is bearish with a one-year price forecast of .0084 cents.
GYEN on social media
Looks like the price on Uniswap is pretty close to the real-world price but off by 1 Yen. 1 Yen difference in the forex market is big BTW.
– Real-world price = 113.09 (at the time of this tweet)
– Uniswap price = 112.17 pic.twitter.com/ftXKIwuRHP
— Ken Nakamura (@GMO_KenNakamura) November 10, 2021
— 達@INX (@tsutaya_INX) November 12, 2021