Update on GMO-Z.com Trust Company Addressing Trading Halt
GMO-Z.com Trust Company (“GMO Trust”) remains actively engaged in addressing the events which led to the trading halt of “GYEN” on Binance’s exchange on May 12, 2021.
We are moving along on two fronts simultaneously. First, we are working with Binance to put in place measures designed to ensure similar halts do not need to take place in the future. Second, we are working closely with our partners in the marketplace to ensure we are always able to meet the demand for GYEN.
In that regard, we would like to emphasize that GYEN is a stablecoin pegged 1:1 to JPY and audited publicly on a monthly basis by an independent, accredited national accounting firm. GYEN can always be purchased and redeemed 1:1 against JPY directly with GMO Trust in the jurisdictions that we serve.
To learn more about GYEN, please visit our website and read our blog for educational insights.
Introducing the first regulated JPY-pegged stablecoin, GYEN
GYEN, the first regulated JPY-pegged stablecoin, and ZUSD, a new USD-pegged stablecoin, are coming soon.
GMO Trust remains committed to the growth and development of GYEN and looks forward to providing additional updates as we transparently navigate the path forward.