What are GYEN and ZUSD?

What are GYEN and ZUSD?

Issued by GMO Trust, GYEN is the world’s first regulated Japanese Yen stablecoin, and ZUSD is a trusted U.S. Dollar stablecoin.

GYEN and ZUSD are reserve-backed stablecoins, developed by issued by GMO Trust. Our mission is to bridge the gap between traditional financial services the digital assets world to facilitate the utilization of stablecoins, digital asset-based savings, lending services, open finance and DeFi. Every token we issue has a 1:1 reserve balance and can always be redeemed 1:1 with the underlying fiat currency. All Japanese Yen and U.S. Dollar reserves which back the GYEN and ZUSD in circulation are held in insured financial institutions, and in government money-market funds or U.S. Treasury bills which are three months or less from the respective maturity dates.

Introduction to GYEN and ZUSD

How to Purchase and Redeem GYEN/ZUSD

Purchase / Mint

User deposits fiat User deposits fiat
GMO Trust mints tokens GMO Trust mints tokens
  • 1. A user requests to purchase GYEN or ZUSD, and deposits JPY or USD to a fiat custody account.
  • 2. GMO Trust mints the tokens and sends them to the wallet address of the user’s choice.

Redeem / Burn

User sends tokens to burn User sends tokens to burn
GMO Trust disbures fiat GMO Trust disbures fiat
  • 1. A user requests to redeem GYEN or ZUSD, and sends tokens to the designated burn contract.
  • 2. GMO Trust disburses underlying fiat currencies to the user’s custody account.


Institutions and individuals can leverage the advantages of GYEN and ZUSD for trading, heding, remittances and payments, with reduced transaction costs and fast settlement times.

  • Mint and Redeem


    Available Anytime

    GYEN and ZUSD are available for purchase and redemption anytime, and can always be redeemed 1:1 for the underlying fiat currency.

  • Trade


    Trade Seamlessly

    Trade seamlessly across our network of global partner venues, allowing you to experience digital fiat trading at the venue of your choice with ease while minimizing your costs.

  • Settle


    24/7 High-Speed Settlement

    Our stablecoins enable near instant settlement at our supported settlement network partners. Optimize the efficiency of your treasury and holdings with faster settlement times.

  • Hold


    Hold with Leading Wallet and Custody Services

    Our stablecoins are supported by a number of leading custody providers and wallet services, allowing you to store and transact with confidence.