As of late, there’s been a great deal of discussion in the crypto community about the status of GYEN on Coinbase. For those who don’t know, GYEN is a stablecoin that’s pegged to the Japanese yen.
The controversy started when it was revealed that Coinbase had listed GYEN on its platform without disclosing that it had done so. This led many to believe that Coinbase was trying to quietly pump up the price of the coin without letting everyone know.
Coinbase has since come out and said that it was not trying to pump the price of GYEN, and that it had listed the coin in order to provide its customers with more options. However, many remain skeptical about Coinbase’s motives.
So, what’s really going on with GYEN on Coinbase? It’s hard to say for sure. However, one thing is certain: the controversy surrounding the coin is unlikely to die down anytime soon.