STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

GYEN

Japanese-yen stablecoin issued by GMO-Z.com Trust Company, currently in an orderly wind-down with new purchases disabled and time-limited redemption remaining available.

LifecycleWinding Down
Events1
Sources3
Overview
SymbolGYEN
Asset classStablecoin
Reference targetFiat
Redemption / exit modelRestricted
Valuation sourcePublic information is incomplete
Yield / rebase profileNone recorded
Classification notesOrderly wind-down effective 2026-05-15; not yet marked terminated while redemption remains available.
Lifecycle statusWinding Down
Issuance statusTerminated
Peg referenceFiat · JPY
Backing typesBank Deposits
StabilizationIssuer Redemption
GovernanceCentralized
Primary organizationGMO-Z.com Trust Company, Inc.
Primary roleLegal Issuer
Last reviewed2026-06-15
Organizations and roles
OrganizationRoleFromUntilRelationship status
GMO-Z.com Trust Company, Inc.Legal Issuer——Active

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GMO-Z.com Trust Company, Inc.

Limited Purpose Trust Company · United States / New York

Event history

1 event connected to this stablecoin.

Reserve profile
Disclosure statusMonthly Attestations During Wind Down
Backing typesBank Deposits
SummaryGYEN redemption assets remain subject to GMO Trust's attestation and wind-down process while new purchases are disabled.
As of2026-06-15
Profile confidenceHigh
Redemption profile
Current statusRestricted
Settlement assetJPY
Eligible partiesEligible GMO Trust customers during the announced redemption period.
Retail accessEligible Customers Only During Wind Down
Institutional accessEligible Customers Only During Wind Down
Minimum amount100 JPY under the current published schedule.
FeeIssuer and banking terms apply; purchases are disabled.
Settlement timeWind-down and banking processing dependent.
Regional limitsAccount eligibility and the announced redemption timetable apply., EU offer and trading restrictions are disclosed by the issuer.
Record coverage
SectionEntries
Organizations1
Sources3
Reserve reports1
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events1
Event timeline
DateEventTypeDetail kindRecovered
2026-05-15GMO Trust begins orderly wind-down of GYENStatus ReviewTermination—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
—GMO-Z.com Trust CompanyReserve DisclosureBank DepositsHigh
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
EthereumERC-20Issuer Native Fiat TokenRestrictedUnknownUnknown1Not yet verifiedPrimary GYEN deployment retained for wind-down tracking; new purchases are disabled.
Sources
SourcePublisherTypeEvidence scopeReliability
Wind-down of GYEN and ZUSD stablecoin issuanceGMO-Z.com Trust CompanyOfficial StatementWind Down, Issuance Stop, Purchase Disabled, Wind Down and Purchase StopHigh
GYEN fee schedule and redemption periodGMO-Z.com Trust CompanyOfficial DocumentationInitial Redemption Period, Purchase Disabled, Redemption Available, Redemption TermsHigh
GYEN monthly attestation reportsGMO-Z.com Trust CompanyOfficial AttestationMonthly Attestation, Redemption Assets, Mica E Money Token Statement, Reserve Attestation and Legal ContextHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Post Redemption Period OutcomeThe final treatment of remaining GYEN after the Initial Redemption Period is not yet represented as a completed lifecycle event.High2026-06-15
Current Circulating Supply During Wind DownThe remaining circulating supply and redemption progress change during the wind-down and are not fixed as static entity values.Medium2026-06-15