FAQ
See the most frequently
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).