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View ChartAegis YUSD (YUSD) is a decentralized, Bitcoin-backed stablecoin designed to maintain a 1:1 peg to the US dollar while generating yield for its holders. Issued by Aegis Vault Ltd., YUSD is described as the first Bitcoin-backed stablecoin built with real-time transparency and complete independence from the fiat banking system. Unlike traditional stablecoins that rely on fiat reserves or other crypto assets, YUSD operates entirely on Bitcoin-margined perpetual contracts, establishing independence from both traditional stablecoins and the fiat banking system. This protects against bank failures, regulatory freezes, and stablecoin depegging events.
The protocol maintains a delta-neutral position by shorting BTC-margined perpetual contracts equal to its Bitcoin exposure, neutralizing price volatility while capturing funding rate yields distributed three times daily. Aegis was founded in 2024 and has raised $2M in a Pre-Seed Round. The current circulating supply is approximately 40.66 million YUSD, with a market capitalization of roughly $40.6 million. Aegis operates under a Foundation structure ensuring regulatory compliance and transparency, transitioning toward DAO-based governance.
Aegis was founded in 2024 by a team of seasoned financial industry experts. The co-founder and CEO is Ermin Sharich, who also serves as Strategy Lead and has a background as co-founder of Exante. Michael Egorov serves as Head of Product. Mikko Ohtamaa is Co-Founder at Trading. Additional team members listed on LinkedIn include Renat Lokomet, Arjun Arora, and Sulejman S. The team is led by experienced professionals with deep roots in traditional finance and cryptocurrency markets.
In February 2025, Aegis raised $2M in a Pre-Seed Round. The project is backed by Dewhales, WOO X, and Flowdesk. Dewhales Capital commented that Aegis is a young yet ambitious project issuing a yield-bearing synthetic stablecoin, YUSD.
YUSD is collateralized by Bitcoin held in institutional-grade custodial vaults with Fireblocks, Copper, and CEFFU. The protocol maintains a delta-neutral position by shorting BTC-margined perpetual contracts equal to its Bitcoin exposure, neutralizing price volatility while capturing funding rate yields. All assets are held with premier custodians and never on centralized exchanges. New YUSD is created only when collateral such as USDT, USDC, or DAI is deposited into the Aegis Mint smart contract. Collateral is immediately converted to Bitcoin via OTC desks and deployed into delta-neutral positions, ensuring every YUSD is fully backed.
Aegis has developed software designed to perform funding rate arbitrage through delta-neutral trades in spot and perpetual markets, effectively generating profits from funding fees. Funding fees are periodic payments, usually three times a day, made by traders based on the difference between perpetual contract prices and the spot price. Aegis collects these fees as rewards and distributes them to YUSD holders. Holders earn continuous yield from funding rate arbitrage without staking, lockups, or waiting periods. Rewards are perpetual and claimable anytime, with YUSD holders claiming rewards every seven days, while sYUSD automatically compounds yield.
Aegis YUSD distinguishes itself through real-time transparency, yield generation, and complete independence from the fiat banking system. The protocol provides complete visibility with on-chain verification of Bitcoin collateral, open market positions, and read-only API access to exchange positions. Users can audit reserves and yield calculations at any time through a dashboard displaying off-chain reserves, exchange positions, and API access for direct monitoring. Transparency features include an APY Panel, Proof-of-Reserves, and Exchange Positions Panel.
Security and risk management are core to the protocol, with institutional custody through Fireblocks, Copper, and CEFFU, smart contract-governed minting, off-exchange settlement eliminating exchange counterparty risk, and an Insurance Fund with stress-tested coverage for negative funding scenarios. The $7B+ BTC COINM futures market liquidity enables scalable growth. Aegis has distributed more than $1.9M in yield to YUSD and sYUSD holders since April 2025, with no loss days through the 2026 BTC funding compression. Through every negative funding window in 2026, the insurance fund covered the funding outflow and sYUSD held at 0% on those days.
YUSD maintains a 1:1 peg to the US dollar and earns yield from Bitcoin perpetual funding rates. It can be used as yield-bearing collateral for trading on Aegis DEX, allowing users to earn yield while they trade, with collateral continuing to generate yield throughout trading positions. The Aegis ecosystem includes several products: YUSD, a BTC-backed digital dollar; jUSD, a JLP-backed digital dollar earning yield from JLP yield and perpetual funding rates; sYUSD, the staked form of YUSD; and sjUSD, the staked form of jUSD that automatically compounds yield.
Aegis DEX brings YUSD to trading with yield-bearing margin, flexible position management, professional trading tools with deep liquidity across 150+ perpetual markets, and instant liquidity with no lockups. Aegis Mint is the smart contract for minting YUSD directly. Yield-as-a-Service (YaaS) is powered by YUSD and jUSD, allowing users to hold yield-bearing stablecoins like any other dollar-denominated asset while yield accrues. Trading pairs include YUSD/USDT, YUSD/WBNB, and YUSD/USDC.
The Aegis ecosystem is expanding through strategic integrations and partnerships. Aegis has integrated with Pendle Finance as part of six protocol upgrades rolled out to make YUSD safer, more liquid, and more rewarding. The protocol is partnering with Babylon Labs and Aave Labs to bring fixed-rate borrowing to native Bitcoin collateral, combining Babylon's Trustless Bitcoin Vaults, Aave V4, and Aegis' fixed-rate lending infrastructure. This integration will give Bitcoin holders access to stablecoin liquidity without wrapping BTC, bridging assets, or fully relinquishing custody. The testnet is live, with availability targeted for Q4 2026.
Aegis stablecoins are available across leading decentralized exchanges including PancakeSwap v3 on BNB Chain and Uniswap v4 on Ethereum, providing liquidity for trading and DeFi integrations. The protocol has also been referenced in an Arbitrum Questbook grant proposal. Aegis operates under a Foundation structure ensuring regulatory compliance and transparency, transitioning toward DAO-based governance for protocol upgrades and ecosystem growth. The platform serves approximately 5,000 users with a total value locked of $70M.
YUSD is not mined through traditional proof-of-work or proof-of-stake mechanisms. Instead, new YUSD is created through a minting process where collateral such as USDT, USDC, or DAI is deposited into the Aegis Mint smart contract. The collateral is immediately converted to Bitcoin via OTC desks and deployed into delta-neutral positions, ensuring every YUSD is fully backed. All minting happens directly through audited Aegis smart contracts.
Yield is generated without staking or lockups. Holders simply hold YUSD and register their wallet to start earning. Rewards are perpetual and claimable anytime, with YUSD holders claiming rewards every seven days. For those seeking automatic compounding, sYUSD is the staked form of YUSD that automatically compounds yield. The yield comes from the BTC funding rate carry on the short BTC perpetual that hedges the YUSD backing, and from the tokenized treasury bill allocation set by the reserve mandate.
Security is a foundational principle of the Aegis protocol. All assets are held with premier institutional custodians including Fireblocks, Copper, and CEFFU, and are never held on centralized exchanges. Off-exchange settlement ensures assets are stored safely in custodial wallets, eliminating exchange counterparty risk. The smart contract-governed minting process ensures all minting happens directly through audited Aegis smart contracts.
The protocol maintains an Insurance Fund with stress-tested coverage for negative funding scenarios. Through every negative funding window in 2026, the insurance fund covered the funding outflow and sYUSD held at 0% on those days. Every weekly distribution is verifiable on the proof of reserves dashboard, and yield figures are published live and verified by Accountable. Users can audit reserves and yield calculations at any time through the real-time transparency dashboard. Aegis is dedicated to full legal compliance in all jurisdictions, ensuring operations meet the highest regulatory standards.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for YUSD are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Aegis YUSD (YUSD) is $0.999314. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated YUSD to USD rate at the top of BTCC’s price page. In terms of market scope, Aegis YUSD records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $40.645673M. Its current circulating supply stands at 40.66M out of a maximum supply cap of ∞.
The price volatility of Aegis YUSD (YUSD) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (40.66M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Aegis YUSD (YUSD) hit an all-time high (ATH) of $1.008611 on 2025-03-28 11:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.924337 on 2026-02-01 16:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading YUSD futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s YUSDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Aegis YUSD, simply log into your BTCC account with USDT margin available, navigate to the YUSDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for YUSDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.999314), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for YUSDUSDT with zero financial risk.
Trading Aegis YUSD (YUSD) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for YUSDUSDT, and review its live price ($0.999314) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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