Coinbase Converts GYEN Balances to USDC as Yen Stablecoin Winds Down
- —GYEN sends and receives on Coinbase were disabled on October 26, 2026
- —Remaining balances convert to USDC from October 26 to October 30 at market rates
- —Coinbase will not charge a fee for the conversion
- —GYEN deposits and withdrawals will no longer be supported after the process ends
Why it matters: GYEN's shutdown shows a stablecoin's life depends on its issuer and venues, not just its blockchain, so holders should verify their conversions.
Source: NewsBTC