FYUSD is a U.S. dollar stablecoin issued by BitGo Bank & Trust, National Association, backed 1:1 by reserve assets and subject to monthly third-party reserve attestation.
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 by an independent registered public accounting firm and published by BitGo.
Every FYUSD in circulation is matched by reserve assets held by BitGo.
BitGo Bank & Trust, N.A. issues FYUSD and holds and manages the reserves in segregated accounts established for the benefit of FYUSD holders.
BitGo is chartered and supervised by the 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.
Reserve composition examined monthly by an independent registered public accounting firm; reports published by BitGo.
FYUSD is a stablecoin. It holds value; it does not earn. Separately and entirely optionally, New Frontier Labs offers the Fypher Vault, through which holders may choose to deposit FYUSD into on-chain strategies operated via Concrete. The Vault is a distinct product with distinct risks, offered by New Frontier Labs — not by BitGo.
BitGo issues FYUSD and manages its reserves. BitGo does not issue FYPE, is not a DeFi protocol, does not operate the Vault or any Concrete strategy, and does not advise any person to deposit FYUSD into it. Depositing FYUSD into the Vault means giving up the 1:1 reserve backing of held FYUSD in exchange for exposure to third-party smart contracts and strategies, with risk of partial or total loss.
The fastest-growing region for stablecoins.
FYPE is a participation and governance token of the Fypher network, issued by New Frontier Labs. FYPE rewards early participants and aligns everyone around the network's growth: governance, participation, and long-term upside. Earned, not bought.
FYPE is not issued by BitGo. FYPE is issued by New Frontier Labs. BitGo Bank & Trust, N.A. issues FYUSD only. BitGo does not issue, create, distribute, sell, sponsor, endorse, value, or support FYPE, has no role in the FYPE token, points, campaign, referral, or airdrop programs, and does not advise any person to acquire, hold, or earn FYPE. FYPE is not a stablecoin, is not reserve-backed, has no fixed or expected value, and may have no value. FYPE is not redeemable with BitGo.
