/
Depeg event
Detected under v5.1
GYEN moved above peg at 00:00 UTC on April 1, 2026, with a peak deviation of 25.4% at $1.25. The observation closed 6.0 days later at 00:00 UTC with a recorded recovery price of $0.9712.
The checked-in price path starts at $1.16 against a recorded peg reference of $1.00. Pharos captured the incident through a historical backfill and evaluates it under v5.1. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
Related incidents
Other recent peggedJPY depegs
Other fiat-cash incidents
Stablecoin
GYEN (GYEN) →GYEN is GMO Trust's NYDFS-chartered JPY stablecoin now in wind-down, with purchases disabled and redemption-only access open during the initial period.
Preferred source
Reading Pharos regularly? Mark it as a preferred source and Google will surface Pharos Watch more often in Top Stories, AI Overviews, and AI Mode.
Add Pharos Watch in Google ↗Methodology pin: v5.1 changelog