BitGo selected to issue FYUSD stablecoin

Digital asset firm New Frontier Labs has selected crypto infrastructure company BitGo to issue and provide custody for its dollar stablecoin, FYUSD, targeting institutional investors in Asia, Cointelegraph reported. BitGo stated that FYUSD complies with the stablecoin regulatory framework of the Genius Act. The company has also developed Fypher, a suite of stablecoin infrastructure tools that provides a programmable payment layer for the FYUSD token, enabling autonomous AI agents to use it for commercial transactions.