Coinbase Converts GYEN Balances to USDC as Stablecoin Winds Down
Coinbase has told customers that support for the yen-linked GYEN stablecoin is being wound down as its issuer, GMO-Z.com Trust Company, retires the.
VOID Report: Coinbase Ends Support for GYEN Stablecoin, Converts Balances to USDC
Coinbase, a major cryptocurrency exchange, has announced that it will be discontinuing support for the yen-linked GYEN stablecoin. According to Coinbase, the decision to wind down support for GYEN was made in response to the issuer, GMO-Z.com Trust Company, retiring the stablecoin. The move was reported on October 28, 2026.
As a result of the decision, Coinbase has begun converting GYEN balances to USDC. The exchange notified its customers of the change, which marks the end of GYEN's availability on the platform. This development was covered by NewsBTC.
The reasons behind GMO-Z.com Trust Company's decision to retire GYEN were not detailed in the report. It is also unclear what impact this will have on other platforms that may have supported the stablecoin. According to NewsBTC, Coinbase's move follows the retirement of GYEN by its issuer.
At this time, it has not been reported how users who hold GYEN on other platforms will be affected. It is also not clear what other exchanges or platforms may have supported GYEN. Readers should watch for further updates on this developing story.
Written with AI by Noticiero VOID from facts reported by NewsBTC. How we do it ·