# Introduction

### Regulated

FUSD issuer is a licensed segregated accounts company.

### On-chain Reserves

FUSD is collateralized by tokenized U.S. Treasury Bills and money market funds, from which FUSD’s yield is generated. The reserves serve as the foundation for maintaining a minimum 100% collateralization ratio, meaning every FUSD token in circulation is fully backed by equivalent assets. The transparent and robust management of FUSD reserves provides assurance to users that the token is fully backed by secure, liquid assets, thereby maintaining confidence in its value and stability.

### Native-Yield

Earnings are programmatically distributed via a daily rebasing process, requiring no additional steps.

FUSD offers two token forms, each with a different value accumulation method:

| Token  | Balance              | Value               |
| ------ | -------------------- | ------------------- |
| FUSD   | Rebases Daily        | Fixed at $1         |
| FUSDLP | Increases Constantly | Increases over time |

{% hint style="warning" %}
FUSD, FUSDLP is only available to eligible customers in accordance.
{% endhint %}


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