BitGo FYUSD Stablecoin Partnership and AMP

New Frontier Labs-BitGo FYUSD Partnership

New Frontier Labs has partnered with BitGo Bank & Trust National Association. BitGo will issue and custody the dollar-pegged FYUSD stablecoin for institutional investors in the Asia region. FYUSD complies with the GENIUS Act regulatory framework, backed 1:1 by cash deposits or short-term US government bonds, and also meets AML and KYC requirements.

Fypher Infrastructure and Stablecoin Market

BitGo has also developed stablecoin infrastructure tools called Fypher; this offers a programmable settlement layer usable in commercial transactions by autonomous AI agents for FYUSD. US Treasury Secretary Scott Bessent described stablecoins as a tool to preserve US dollar dominance, emphasizing their potential to shorten transaction times and provide dollar access to those without traditional banking access. The total stablecoin market cap is currently at the 295 billion dollar level, down from the 300 billion dollar peak in December. Tether’s USDT circulating supply decreased by 1.5 billion dollars in February to 183.64 billion dollars; there was also a 1.2 billion dollar drop in January. Tether officials explained this as short-term positioning. These developments could impact payment-focused tokens like the AMP spot market.

AMP Technical Outlook

AMP is experiencing a -2.35% 24-hour drop at the $0.00 price level. RSI at 36, near the oversold region, overall trend downward (Supertrend: Bearish). EMA 20: $0.0016.

• Supports: S1 $0.0013 (59/100, -10.59%, Fibo 0.000, Donchian Lower, BB Lower, Keltner Lower); S2 $0.0014 (53/100, -3.71%, Fibo 0.11).
• Resistances: R1 $0.0022 (53/100, +51.31%, Fibo 0.618, BB Middle, SMA 20, Pivot); R2 $0.0015 (51/100, +3.16%, BB Middle, SMA 20).

With stablecoin expansion, AMP futures volume may increase. Click for detailed AMP analysis.