Depeg event

GYEN depeg below peg — March 17, 2026 at 16:45 UTC

Detected under v4.6

GYEN moved below peg at 16:45 UTC on March 17, 2026, with a peak deviation of 23.4% at $0.004790. The observation closed 14.1 days later at 18:33 UTC with a recorded recovery price of $0.007838.

Event summary

Direction: below peg
Peak deviation: 23.4%
Started: March 17, 2026 at 16:45 UTC
Ended: March 31, 2026 at 18:33 UTC
Duration: 14.1 days
Peg reference: $0.006268
Start price: $0.006100
Peak price: $0.004790
Recovery price: $0.007838

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