Asia’s financial infrastructure

Money that moves

A regulated stablecoin that’s reserve-backed,
audited, and built to do more than sit still

How it works
Issued by a U.S. national trust bankBitGo custodyIndependently audited
69%
YoY growth in APAC
on-chain activity
$2.5T
APAC volume
forecast — 3 years

No USD stablecoin issued by a U.S.-regulated bank has been built Asia-first.

Fastest-growing region
~60% of flows originate in Asia

Trust first.
Then money moves
freely

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.

Issued by a U.S. national trust bankBitGo custodyIndependently audited

Money that
doesn’t sit still

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.

1 FYUSD = $1.00

Redeemable 1:1 for U.S. dollars by eligible, onboarded persons through BitGo, subject to BitGo’s published redemption policy, minimum thresholds, and compliance screening.
IssuerBitGo Bank & Trust, National Association (U.S. national trust bank, OCC-supervised)
BackingReserve-backed 1:1; reserves held and managed by BitGo
Interest / YieldNone. FYUSD does not pay or accrue interest or yield
Redemption1:1 for USD, for eligible onboarded persons, per BitGo’s published redemption policy
AccessIn jurisdictions where lawful

How FYUSD is
issued and reserved

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 issuer

Reserves 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 attestation

Issued, supervised and settled in the region it serves, on public rails that anyone can verify for themselves.

On-chain verifiable

FYUSD 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 product

Eligibility, jurisdiction and screening checks run before access is granted, not after. Access is subject to jurisdictional screening and geo-blocking.

Screened before access

Asia deserves
its own rails

Asia 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.

How the
vault works

DEPOSITFYUSDUSDTUSDCFYUSDReservevFYUSDWrapperFYUSDVAULT

Who we
build with

Custody, compliance and coverage
partners working with Fypher today.
More to be announced.

The Korea Herald
CoinMarketCap
Investing.com
BitGo

See the latest from Fypher

All news →
FYUSD · Feb 2026

Fypher selects BitGo Bank & Trust as issuer and custodian for FYUSD

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

Read more

Get the dollar that
does more