Gyen is a stablecoin pegged to the Japanese yen, designed to provide a digital alternative to traditional currencies. It maintains a 1:1 value ratio with the yen, making it less volatile compared to other cryptocurrencies like Bitcoin or Ethereum.The primary purpose of Gyen is to facilitate financial transactions, enabling users to send, receive, and store value easily. It leverages blockchain technology, which ensures transparency and security in transactions.Gyen can be used for various applications, including remittances, payments, and trading on cryptocurrency exchanges. Its stable value is appealing to users looking to avoid the price fluctuations common with most cryptocurrencies.In addition to its practical uses, Gyen aims to bridge the gap between conventional finance and the growing interest in digital assets. As more people seek out reliable digital currencies, Gyen serves as a way to integrate traditional economic principles with innovative technologies.
Aave Labs Acquires Stable Finance to Expand Consumer DeFi Products
Aave Labs has acquired Stable Finance, a San Francisco-based fintech company focused on stablecoin savings, in a move to strengthen

