Coinbase Converts GYEN Balances to USDC
Coinbase has converted remaining GYEN balances to USD Coin as the stablecoin winds down its operations.
Crypto exchange Coinbase has begun converting user balances of the GYEN stablecoin into USD Coin ($USDC) following the asset's wind-down process, according to TradingView.
The conversion impacts users holding the stablecoin on the platform, shifting their exposure directly into Circle's $USDC as the GYEN project ceases operations. Further details regarding exact timelines and final balance adjustments were reported by TradingView.
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Key facts
- Coinbase converts GYEN balances to USDC
- Action follows the winding down of the GYEN stablecoin
- Details reported via TradingView
Source: news.google.com
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