By Isaac • October 24, 2026 12:06 am •
GYEN holders are approaching a wind-down with three dates that look similar but lead to different outcomes. The most urgent one arrives first.
CryptoSlate reports that Coinbase plans to disable GYEN transfers on October 26 and automatically convert balances into USDC between October 26 and October 30. GMO-Z.com Trust, the token’s issuer, is separately offering direct redemption until November 11.
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The routes are not interchangeable. Coinbase says its conversion will use prevailing market rates, while eligible holders who redeem directly with GMO Trust can receive the token’s stated value of one Japanese yen.
That difference turns a routine delisting notice into a decision about timing, access and price.
CryptoSlate also traces the wind-down back to GYEN’s
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