what's FYUSD?

FYUSD is a regulated, fully fiat-backed U.S. dollar stablecoin developed under the Fypher ecosystem by New Frontier Labs LLC. It maintains 1:1 backing with USD-denominated reserves held in segregated custody by BitGo Bank & Trust, adhering to GENIUS Act standards for transparency, monthly audits, AML/KYC compliance, and reserve protection. Designed for institutional adoption in Asia, FYUSD supports use cases including payments, remittances, corporate treasury management, exchange settlements, and programmable settlement layers for agentic AI commerce and enterprise integrations. Fypher provides modular stablecoin infrastructure with FYUSD at its core, enabling interoperability with Asian banks, fintech platforms, and APIs while reinvesting ecosystem value into regional finance. As "Stablecoin 2.0," it prioritizes regulatory alignment and operational resilience without yield-bearing features or government backing.