GMO Trust: GYEN and ZUSD stablecoins winding down
4 days leftDeadline Stablecoin redemption
Ethereum
Arbitrum
- Stellar
GYEN and ZUSD are winding down. Redeem at face value by Nov 11, or receive USDC at the Nov 12 rate by the end of the year.
- Key dates
- Redemption at face value closes on Nov 11 at 23:59:59 US Eastern time, and your tokens must arrive before then. For anything not redeemed, GMO Trust will send the equivalent in USDC on the same chain by the end of the year, at the rate set on Nov 12.
- Who's affected
- Anyone holding GYEN or ZUSD (on Ethereum, Arbitrum, Stellar and other chains).
- What to do
- To redeem at face value, open an account at
stablecoin.z.com, pass the identity checks (KYC) and link a bank account in yen (GYEN) or US dollars (ZUSD). Your tokens must arrive before the deadline. If you don't redeem, they are converted to USDC at the end of the year. On Ethereum and Arbitrum there are also Uniswap pools where you can sell.
Note You won't get the automatic USDC if your tokens were bridged to a chain GMO Trust doesn't support, didn't pass anti-money-laundering screening, or are below that chain's minimum transfer amount. On Stellar, open a USDC trustline first. For GYEN on Arbitrum, GMO Trust hasn't said whether it will be converted to USDC automatically after Nov 11.
Official links
Last checked 2026-11-05Share