FYUSD is a stablecoin developed under the Fypher ecosystem, sponsored by New Frontier Labs LLC and issued by BitGo Bank & Trust, National Association (“BitGo”), a national trust bank chartered and supervised by the U.S. Office of the Comptroller of the Currency. FYUSD is designed to be fully backed by U.S. dollar–denominated reserve assets and is intended to maintain a stable value relative to the U.S. dollar; however, it is not legal tender and is not issued or guaranteed by any government or central bank.
FYUSD is not a bank deposit, is not insured or guaranteed by the FDIC, SIPC, or any other deposit protection scheme, and does not represent a claim on any insured financial institution. Holding or using FYUSD involves certain risks, including but not limited to regulatory, operational, custody, counterparty, and market risks. Redemption may be subject to applicable terms, conditions, eligibility requirements, and regulatory constraints.
New Frontier Labs LLC is registered as a Money Services Business (MSB) with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Such registration is for anti-money laundering and compliance purposes only and does not constitute licensing, approval, or endorsement by any government authority, nor does it imply consumer protection or insurance of any kind. New Frontier Labs LLC is not a bank, is not a permitted payment stablecoin issuer, and does not issue FYUSD.
FYUSD is made available only in jurisdictions where its use is permitted under applicable laws and regulations. Access to minting, redemption, or certain functionalities may be restricted based on user eligibility, jurisdiction, or compliance requirements. Access to minting and redemption is restricted by jurisdiction, eligibility, and compliance screening.
Nothing on this website constitutes legal, tax, investment, or other professional advice, or a solicitation to buy or sell any securities or financial instruments. Users should consult their own professional advisors before engaging with FYUSD or related services.
New Frontier Labs LLC reserves the right to modify, suspend, or discontinue the services it offers. Decisions to issue, mint, redeem, freeze, suspend, or discontinue FYUSD rest with BitGo as issuer, in accordance with applicable laws, regulations, and internal risk management policies.
Role of BitGo. BitGo’s role is limited to the issuance and redemption of FYUSD and the custody and management of the reserve assets backing FYUSD. BitGo does not issue FYPE, vFYUSD, FYPHER Points, or any other token in the Fypher ecosystem, is not a DeFi protocol, does not operate or endorse any vault or yield strategy, and does not recommend or advise any person to engage in yield-generating activity, whether with Concrete or otherwise. Products other than FYUSD referenced on this or any affiliated site are offered by New Frontier Labs LLC and not by BitGo. FYUSD is subject to BitGo’s Coin Minting and Redemption Services Terms and Public Terms.
