Concrete has teamed up with stablecoin project Fypher and liquid restaking protocol ether.fi to create vault infrastructure for fyUSD, targeting institutional users in Asia. The initiative involves minting an initial $10 million worth of fyUSD into a Fypher vault supported by Concrete. Fypher will oversee the stablecoin’s infrastructure and distribution, while ether.fi will provide capital to the vault. Concrete will handle the vault infrastructure and manage on-chain strategies such as asset allocation, accounting, and rebalancing, aiming to enhance the stablecoin’s operational efficiency and security.
Concrete, Fypher, and ether.fi vault plans provide context for cryptocurrency market activity on Pluang. As of Nov 12, 2026 07:32 WIB, 18 of 50 major cryptocurrencies rose while 31 fell. Notable movers include EOS at Rp12.649 (+8.13%), UNI at Rp112.996 (-6.52%) with 75% sell orders, and BAT at Rp2.123 (-4.33%) with 81% buy orders.
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