A regulated stablecoin that’s reserve-backed,
audited, and built to do more than sit still
No USD stablecoin issued by a U.S.-regulated bank has been built Asia-first.
FYUSD is issued by BitGo Bank & Trust, National Association, and backed 1:1 by reserve assets held and managed by BitGo. Reserve composition is examined monthly by an independent registered public accounting firm and published by BitGo.
BitGo is 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.

A stablecoin that only holds value is doing half its job. FYUSD keeps its compliant, reserve-backed base — then lets you put idle dollars to work whenever you choose.
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. BitGo’s role is limited to issuing and redeeming FYUSD and to holding and managing the reserve assets backing it. OCC supervision of BitGo is not an approval or endorsement of FYUSD, Fypher, FYPE, or any yield product.
U.S.-regulated issuerReserves are held and managed by BitGo in cash and short-term U.S. Treasury securities. Reserve composition is examined monthly by an independent registered public accounting firm, and the reports are published by BitGo.
Monthly reserve attestationIssued, supervised and settled in the region it serves, on public rails that anyone can verify for themselves.
On-chain verifiableFYUSD itself pays no interest or yield. The vault is a separate, opt-in product offered by New Frontier Labs, with its own risks, including partial or total loss of the FYUSD deposited.
Separate, opt-in productEligibility, jurisdiction and screening checks run before access is granted, not after. Access is subject to jurisdictional screening and geo-blocking.
Screened before accessAsia moves the world’s goods, ships and savings. Its dollars still run on someone else’s rails. FYUSD is issued, supervised and settled in the region it serves.
Custody, compliance and coverage
partners working with Fypher today.
More to be announced.




Issuance and reserve custody for Asia’s dollar stablecoin now run on regulated, bank-grade infrastructure — live today, ahead of regional rollout.
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