Crypto infrastructure company BitGo named issuer for FYUSD stablecoin
Regulated issuance and institutional focus
BitGo has been appointed the official issuer and primary custodian of FYUSD, a U.S. dollar-pegged stablecoin compliant with the GENIUS Act. This stablecoin is specifically designed for institutional investors in Asia, targeting markets such as Hong Kong, Singapore, and Japan.
Programmable layer for AI commerce
The stablecoin features a programmable layer that enables agentic AI commerce, allowing for advanced automation and smart contract interactions within digital financial ecosystems.
Partnership and regulatory alignment
New Frontier Labs has partnered with BitGo Bank & Trust National Association to issue and provide custodial services for the FYUSD stablecoin, ensuring compliance with U.S. regulatory standards outlined in the GENIUS Act. This collaboration aims to establish U.S.-aligned stablecoin standards in key Asian financial markets.
Key announcements and updates
- Announced on February 20, 2026, with further updates on February 23, 2026.
- Confirmed by multiple sources including Business Wire, Markets FT, LinkedIn, and CoinMarketCap.
- BitGo serves as both issuer and custodian, reinforcing its role in digital asset infrastructure.