Stablecoin event
GMO Trust begins orderly wind-down of GYEN
Effective 15 May 2026, GMO Trust disabled new GYEN purchases and began an orderly wind-down while retaining redemption during the announced Initial Redemption Period.
ImpactHigh
Detail kindTermination
Sources3
GYEN
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GMO-Z.com Trust Company, Inc.
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| Date | 2026-05-15 |
|---|---|
| Event type | Status Review |
| Event detail kind | Termination |
| Stablecoin subjects | GYEN |
| Organization subjects | GMO-Z.com Trust Company, Inc. |
| Impact | High |
| Effect on stablecoin status | Restricted |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | Public information is incomplete. |
| Record confidence | High |
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| Wind-down of GYEN and ZUSD stablecoin issuance | GMO-Z.com Trust Company | Official Statement | Wind Down, Issuance Stop, Purchase Disabled, Wind Down and Purchase Stop |
| GYEN fee schedule and redemption period | GMO-Z.com Trust Company | Official Documentation | Initial Redemption Period, Purchase Disabled, Redemption Available, Redemption Terms |
| GYEN monthly attestation reports | GMO-Z.com Trust Company | Official Attestation | Monthly Attestation, Redemption Assets, Mica E Money Token Statement, Reserve Attestation and Legal Context |
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