Stablecoin project Fypher said on the 15th that it officially launched by introducing a U.S. dollar-based stablecoin (a virtual asset whose value is fixed to legal tender such as the dollar) in the Asian market.
The launch aims to build a financial system that goes beyond remittances or a means of payment to enable payments, asset management, and revenue generation.
Fypher presented three types of asset structures for its stablecoins. FYUSD is a dollar-based asset that complies with the U.S. Genius Act regulations, sFYUSD is an asset that enhances mobility and liquidity on-chain, and RUSD is an asset that aims to generate revenue through various management strategies.
Through this, it was designed to separate stability, liquidity, and profitability while operating them simultaneously within a single flow.
Fypher Chair Paul Kim said, "Fypher's stablecoins will gradually improve inefficiencies between the traditional financial system and digital assets and build a structure in which stability, liquidity, and profitability work in balance."