Asia-First,Regulation-ReadyStablecoin
Asia Native, Regulation First
FYUSD is a fully fiat-backed stablecoin issued by BitGo Bank & Trust, N.A., a U.S. national trust bank.
Designed to operate within Asia’s evolving regulatory environments.
Local Value, Local Impact
FYUSD is designed to keep value local to grow together.
Value reinvested into the markets where it is created.
How FYUSD is Designed
FYUSD is issued by BitGo Bank & Trust, National Association, a national trust bank chartered and supervised by the U.S. Office of the Comptroller of the Currency. OCC supervision of BitGo is not an approval or endorsement of FYUSD, Fypher, FYPE, or any yield product. Reserves are held and managed by BitGo and examined monthly by an independent registered public accounting firm.
Issued in and from the United States under U.S. federal law, and designed for Asia’s evolving regulatory environments to meet structural demand for trusted USD-denominated assets.
AI-driven risk and compliance monitoring enables real-time oversight and adaptive controls. Issuance, redemption, reserve management, and the related compliance, BSA/AML and sanctions programs are performed by BitGo as issuer.
Built for programmable finance, instant settlement, and automated workflows — powering the next generation of AI-driven, agentic commerce.
Capabilities
Built for Real-World Financial Operations in Asia-Pacific
Trusted Partners
Our Partners
Issuer of FYUSD and reserve manager
BitGo is our trusted stablecoin issuer, bringing bank-grade security, regulated asset protection, and globally recognized operational standards for FYUSD issuance and reserve management.
Institutional DeFi vault and capital allocation
Concrete is an institutional DeFi vault and capital allocation infrastructure platform built by veterans from Point72, Morgan Stanley, Coinbase, and EigenLayer, providing battle-tested strategies, execution services, and risk management for hedge funds, family offices, DAO treasuries, and digital asset protocols.
Concrete provides DeFi vault and yield strategies for products offered by New Frontier Labs LLC. Concrete has no role in the issuance, redemption, custody, or reserve management of FYUSD. BitGo does not operate, select, monitor, or endorse any Concrete vault or strategy, is not a DeFi protocol, and does not recommend or advise any person to engage in yield-generating activity.
News
Latest News
Fypher Announces Strategic Partnership with Concrete to Expand Institutional-Grade DeFi
Fypher partners with Concrete to unlock institutional-grade DeFi infrastructure, enabling secure on-chain yield strategies and scalable capital deployment for institutional participants.
BitGo Named Issuer of FYUSD, Bringing U.S.-Aligned Stablecoin Standards to Asia
New Frontier Labs partners with BitGo to launch FYUSD, a U.S. dollar-backed stablecoin for institutional adoption in Asia, aligned with U.S. regulatory and custody standards.
BitGo: A company that has been building the invisible foundation of digital asset finance
An inside look at how BitGo built the foundational infrastructure for digital asset finance
FYUSD: A Regulation Compliant Stablecoin for Asia
As they expand into real economy flows such as payments, a new standard for a regulated stablecoin in Asia is emerging.
Fypher, The New Standard of Money
Stablecoins have already moved past being a “trend” and have become “infrastructure.”
FAQ
asked questions and answers below
How is FYUSD backed?
FYUSD is 100% fiat-backed, with reserves held and managed by BitGo Bank & Trust, National Association, the issuer of FYUSD, and examined monthly by an independent registered public accounting firm. Reports are published by BitGo.
How does minting and redemption work?
FYUSD is minted and redeemed 1:1 for USD by BitGo Bank & Trust, N.A. as issuer, for eligible persons onboarded and approved by BitGo, in accordance with BitGo’s published redemption policy and applicable U.S. law. Access is permissioned and subject to eligibility, minimum thresholds, and compliance screening.
Is FYUSD yield-bearing?
No. FYUSD is a fully backed stablecoin, not a yield product. FYUSD does not pay or accrue interest or yield. Separate vault and yield products offered by New Frontier Labs LLC are distinct from FYUSD, are not offered or endorsed by BitGo, and carry risk of loss.
How does FYUSD differ from other stablecoins?
Most USD stablecoins are global by default. FYUSD is built for Asia, combining Asia-native regulatory design with issuance by a U.S. national trust bank supervised by the OCC.
Why Asia-Pacific?
Asia has the fastest-growing demand for USD stability. FYUSD is designed to serve that demand within local regulatory frameworks.
Where can FYUSD be used?
FYUSD supports real-world financial operations, including payments, treasury management, exchange settlement, and programmable payments (subject to regulatory approval).