The GENIUS Act-compliant stablecoin is geared toward institutional investors in Asia features a programmable layer for agentic AI commerce.Digital asset companyThe GENIUS Act-compliant stablecoin is geared toward institutional investors in Asia features a programmable layer for agentic AI commerce.Digital asset company

Crypto infrastructure company BitGo named issuer for FYUSD stablecoin

2026/02/23 04:38
1 min read

The GENIUS Act-compliant stablecoin is geared toward institutional investors in Asia features a programmable layer for agentic AI commerce.

Digital asset company New Frontier Labs has partnered with BitGo Bank & Trust National Association, the entity that crypto infrastructure company BitGo will use to issue and provide custodial services for the FYUSD stablecoin, a dollar-pegged token for Insitutional investors in the Asia region.

Crypto infrastructure company BitGo named issuer for FYUSD stablecoin

BitGo’s announcement said FYUSD is compliant with the GENIUS Act stablecoin regulatory framework. The regulations include 1:1 backing with cash deposits held by a custodian or short-term US government debt instruments, anti-money laundering (AML) requirements and know-your-customer (KYC) checks.

The company also developed “Fypher,” a suite of stablecoin infrastructure tools that provides a “programmable settlement” layer for the FYUSD token that allows it to be used by autonomous AI agents for commercial transactions.

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