Aegis YUSD yusd
Rank #536$0.9970
-0.13% (24h)
-0.13%
24h
-0.34%
7d
-0.17%
30d
Price Chart
Market Stats
Market Cap
$37.83M
24h Volume
$127,638
Circulating Supply
37,968,196.489
Total Supply
37,968,196.489
All-Time High
$1.17
All-Time Low
$0.8702
About Aegis YUSD
Aegis YUSD is a decentralized, Bitcoin-backed stablecoin designed to maintain a 1:1 peg to the US dollar while generating yield for its holders. YUSD is backed 1:1 by Bitcoin reserves held in custodial vaults and secured through smart contracts. The Aegis protocol employs a delta-neutral hedging strategy, where Bitcoin-margined perpetual contracts counterbalance BTC price fluctuations. This ensures that the value of YUSD remains stable at $1, independent of market volatility.
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Categories
StablecoinsUSD StablecoinBNB Chain EcosystemAvalanche EcosystemEthereum EcosystemCrypto-backed StablecoinFiat-backed Stablecoin