Coinbase to Convert GYEN Balances as Japanese Yen Stablecoin Winds Down
Coinbase will convert remaining GYEN balances into USDC from Oct. 26 to Oct. 30 as GMO Trust winds down the Japanese yen stablecoin. Holders can withdraw before the cutoff and may pursue direct redemption until Nov. 11, following a collapse that triggered lawsuits and a $6.75 million settlement.