GYEN GYEN

GYEN is a stablecoin, which means it is a cryptocurrency that is backed by fiat currency. In the case of GYEN, it is 100% fiat-backed, with every token having a one-to-one reserve balance in trustee bank accounts. This means that you can always redeem 1:1. GYEN is powered by Ethereum technology, which ensures that all transactions operate according to the rules of a smart contract, eliminating human error. It is issued on the Ethereum blockchain, allowing for near real-time issuance, redemption, and transaction monitoring. GMO-Z.com Trust Company is involved in the launch and monitoring of GYEN.

GYEN stands out from other cryptocurrencies due to its unique features:

1. Stability: GYEN is a stablecoin that is 100% fiat-backed, meaning that each token is backed by a one-to-one reserve balance in trustee bank accounts. This ensures that GYEN maintains a stable value, making it a reliable store of value and medium of exchange.

2. Transparency: GYEN provides independent audit reports on its month-end balances, ensuring transparency and accountability. This feature gives users confidence in the integrity of the token and the trustworthiness of the issuer.

3. Ethereum Powered: GYEN utilizes Ethereum technology, which is widely recognized as the leading platform for smart contracts. By operating on Ethereum, GYEN benefits from the security, efficiency, and flexibility provided by this established blockchain network.

4. No Middlemen: GYEN operates within the cryptocurrency ecosystem without the need for intermediaries. This eliminates the reliance on traditional financial institutions and streamlines transactions, reducing costs and potential points of failure.

These distinguishing features make GYEN a unique and attractive option for users seeking a stable and transparent cryptocurrency.