Aegis Completes $2 Million Pre-Seed Round of Financing, with Dewhales and Others Joining

Odaily News Aegis announced the completion of a $2 million pre-seed round of financing, with participation from Dewhales, Profluent Ventures and others. Aegis is developing YUSD, a Bitcoin-backed stablecoin independent of the fiat currency system, designed to protect user assets from fiat currency inflation risks. The stablecoin provides DeFi access and instant liquidity through a partnership with Riverside Hedge. Aegis plans to launch YUSD in the first quarter of 2025. (businesswire)