Coinbase informed customers that support for the yen-linked stablecoin GYEN would be wound down as its issuer, GMO-Z.com Trust Company, retires the product. Since October 26, 2026, sending and receiving GYEN have been disabled, while remaining balances are scheduled to be converted into USDC between October 26 and October 30. The conversion will take place at the prevailing market rate, with no transaction fee charged by Coinbase. After this period, the platform will no longer support GYEN deposits or withdrawals and warns that unsupported deposits might not be recoverable.
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