Significance of the Launch of On-chain Japanese Yen (GYEN) on Helix

1. Innovation in On-chain Trading

Users now have the unique opportunity to trade a tokenized version of one of the world's most prominent fiat currencies entirely on-chain. Just by going to https://helixapp.com/spot/gyen-usdt, anyone can trade the GYEN on Helix.

with the high speed and Zero gas fees of Helix, traders can now trade the GYEN more comfortably and at a higher profit.

2. Provision of institutional-grade liquidity to on-chain Yen markets.

Tokenizing JPY became a reality through collaboration with Cables Finance, a decentralized exchange that seamlessly merges currency rails from traditional finance with the crypto realm. Cables Finance plays a crucial role in delivering institutional-grade liquidity to on-chain Yen markets.

3. Exposure to On-chain FX

By integrating JPY, Helix empowers users across Injective exchange dApps to gain exposure to on-chain FX within a fully decentralized ecosystem.

This marks a significant stride in Helix's dedication to making financial access more inclusive, providing users with unparalleled opportunities to engage with a diverse array of financial instruments.

4. Expanded access for on-chain RWA products

The Collaboration between Helix and Cables Finance, provides unparalleled access to on-chain RWA products. The unique infrastructure of Helix, coupled with the institutional offerings from Cables Finance, is set to play a pivotal role in expanding the decentralized FX market with an array of currencies.

5. Diversification of Trading Options:

Traders now have the opportunity to engage with a tokenized version of one of the world's major fiat currencies, the Japanese Yen, on Helix's platform, enhancing the diversity of available trading options.