GYEN
GYEN
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
GYEN is a Japanese Yen-pegged stablecoin issued by GMO-Z.com Trust Company under a New York State Department of Financial Services (NYDFS) limited purpose trust charter. Significant data gaps exist across four evaluated areas—Active Development (-1.0), Community Support (-1.0), Tokenomics (-1.0), and Team & Governance (-1.0)—due to noise/keyword collisions in source data and the cessation of active project operations. Synthesizing the available evaluated sections (Market and Use Case at 3.0/10 and Security and Audit History at 5.5/10), GYEN presents severe structural weaknesses. While backed by regulatory oversight and holding two CertiK audits (BBB rating, 79.66 Skynet score), the asset exhibits near-zero trading volume, illiquidity, visible peg deviation ($0.00547 vs. JPY parity), and an official wind-down notice confirmed by on-chain contract data indicating the project is no longer operational.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About GYEN (GYEN)
GYEN (GYEN) is a wound-down Japanese Yen-pegged stablecoin that is no longer operational following the issuance of an official wind-down notice. Issued by GMO-Z.com Trust Company, a subsidiary of Japan's GMO Internet Group, the token was designed to track the value of the Japanese Yen at a 1:1 ratio. The issuer operated under a limited purpose trust charter granted by the New York State Department of Financial Services (NYDFS), maintaining FDIC-insured reserves subject to monthly attestations.
Deployed across multiple blockchains including Ethereum, Stellar, Solana, and Arbitrum, GYEN utilized smart contracts to facilitate minting, redemption, and transfers. Security assessments of the token's smart contracts included two audits evaluated by CertiK, which assigned the project a BBB tier rating.
Despite its regulatory framework, GYEN suffered from severe liquidity deficits, negligible trading volume across major digital asset exchanges, and persistent price deviations away from its intended Japanese Yen peg. On-chain records indicate that the project has ceased active operations and is in the process of winding down.