Aegis, a Tortola, British Virgin Islands-based startup developing a bitcoin-backed stablecoin independent from the fiat banking system, raised $2M in Pre-Seed funding.
The round was led by Dewhales and supported by Profluent Ventures and angel investors.
The company intends to use the funds to prepare for the launch of YUSD in Q1 of this year and initiate integrations with protocols, liquidity pools, and lending providers.
Founded in 2024, Aegis has developed YUSD, a bitcoin-backed stablecoin designed with real-time transparency and complete independence from the fiat banking system. The YUSD stablecoin is intended to protect savings from fiat hyperinflation and will provide an easy-to-use platform that enables access to DeFi and instant liquidity of funds through a partnership with Riverside Hedge.
FinSMEs
26/02/2025