Depeg event

GYEN depeg below peg — March 17, 2026 at 11:16 UTC

Detected under v4.6

GYEN moved below peg at 11:16 UTC on March 17, 2026, with a peak deviation of 14.3% at $0.005377. The observation closed 5.0 hr later at 16:15 UTC with a recorded recovery price of $0.006200.

Event summary

Direction: below peg
Peak deviation: 14.3%
Started: March 17, 2026 at 11:16 UTC
Ended: March 17, 2026 at 16:15 UTC
Duration: 5.0 hr
Peg reference: $0.006255
Start price: $0.005933
Peak price: $0.005377
Recovery price: $0.006200

Related incidents

Other recent peggedJPY depegs

2026-06-21GYENpeak 64.4% below peg
2026-05-12JPYCpeak 21.0% above peg
2026-04-01GYENpeak 25.4% above peg

Other fiat-cash incidents

2026-08-06A7A5peak 8197.8% above peg
2026-08-05XAUmpeak 11.9% below peg

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.

Methodology pin: v4.6 changelog