Binance, the world’s largest cryptocurrency exchange, continues to expand its portfolio. Here are the new coins and features listed by Binance!
Binance lists GYEN!
Even though it was established in 2017, that is, only 4 years of history, it has become the highest volume exchange in the crypto money industry. Binance continues to grow. Expanding its portfolio by listing a new coin almost every week, Binance announced that it will list GYEN this week.
”Binance will list GYEN. Users will be able to trade with BTC/GYEN and USDT/GYEN trading pairs. Trading will start at 07:00 (UTC) on May 12, 2021. (07:00 am in Turkey time)”
What is GYEN?
Gven is the world’s first regulated JPY stablecoin, fully pegged to the Japanese yen, issued by the GMO-Z.com Trust Company. In other words, what USDT means to the dollar, GYEN to the Japanese yen is the same.
100% It is a fiat-backed coin. Each token will have a one-to-one reserve balance in its insured bank accounts. And the ratio will always be 1:1.
GYEN uses Ethereum technology, the best known standard for smart contracts. All transactions work according to the rules of a smart contract that eliminates human error.
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