Aegis YUSD

Aegis YUSD is a stablecoin designed to maintain a value of one US dollar at all times, making it useful for people who want to hold or transact in a dollar-equivalent form without using traditional bank accounts or fiat currency directly. The token targets anyone seeking dollar stability while remaining within a crypto-native environment. Its stated purpose is to solve the problem of price volatility that makes most cryptocurrencies impractical as a unit of account or store of stable value.

Each YUSD token is backed one-to-one by Bitcoin held in custodial vaults and governed by smart contracts, meaning the Bitcoin collateral is meant to equal the outstanding supply of YUSD at all times. To protect that peg against Bitcoin's own price swings, the Aegis protocol runs a delta-neutral hedging strategy using Bitcoin-margined perpetual contracts, which are designed to offset losses in collateral value when Bitcoin prices move. YUSD operates across several blockchains, including Ethereum, BNB Chain, and Avalanche, and the protocol has no mining or validator consensus of its own, relying instead on those host networks for settlement.

The data stored for YUSD does not include a fee-stream metric, so there is no figure available on this site for protocol revenue, fees collected, or distributions made to any party. This means fee-based measures such as price-to-fees or revenue yield that appear for other assets are not calculable here. The circulating stablecoin supply stood at 34,843,068.64 YUSD at the most recent point-in-time reading, and that supply declined by approximately 2.83 percent over the preceding 30 days, which describes the size and recent trajectory of the token base but says nothing about fee generation.