Coinbase will automatically convert customers' remaining GYEN holdings into USDC at prevailing market rates between Oct. 26 and Oct. 30, ahead of the stablecoin issuer GMO Trust's final direct-redemption deadline on Nov. 11. Customers wishing to avoid Coinbase's conversion must withdraw their tokens before Oct. 26. The Japanese yen-backed stablecoin, with a market capitalization of approximately $13 million, is being wound down by GMO-Z.com Trust Company following investor lawsuits and a $6.75 million settlement earlier this year due to its price crash in 2021.