Fypher and Concrete to build on-chain yield ecosystem for FYUSD stablecoin

Stablecoin project Fypher and institutional-grade DeFi infrastructure firm Blueprint Finance have announced plans to jointly build an on-chain yield ecosystem based on the Asia-focused dollar stablecoin FYUSD. Fypher founder Paul Kim and Blueprint CEO Nick Roberts-Huntley revealed the plan during an appearance on Maeil Business TV's 'Crypto Insight' on April 11. Kim stated that they selected Concrete, Blueprint's platform for Ethereum-based vault infrastructure and derivatives creation, to connect Asian institutions with global capital markets and provide access to compliant on-chain yield. The broadcast also highlighted that the partnership could attract market attention, particularly as a U.S. bill on stablecoins would prevent issuers from directly paying interest or yield to holders.