July 3, 2026
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Crypto Desk

BitGo named issuer for FYUSD stablecoin

Lei Yang: MegaETH achieves 55,000 transactions per second, Ethereum’s scaling strategy pivots back to layer one, and the challenges of layer two security | Bankless

BitGo has been appointed as the issuer of the FYUSD stablecoin, which complies with the GENIUS Act aimed at enhancing institutional adoption and innovation in stablecoin usage. This new stablecoin targets institutional investors in Asia and features a programmable layer that facilitates autonomous transactions through agentic AI commerce. As Asian institutions seek regulated stablecoins for cross-border payments and integration with decentralized finance, FYUSD is positioned to meet this growing demand.

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