Bitcoin Ecosystem Stablecoin Project Aegis Completes $2 Million Pre-Seed Round of Financing, Led by Dewhales Capital

The Bitcoin ecosystem stablecoin project Aegis announced the completion of a $2 million Pre-Seed round of financing, led by Dewhales Capital, with participation from Profluent Ventures and a group of angel investors. The new funds will be used to support the development of the stablecoin YUSD, which is backed by Bitcoin. This stablecoin maintains stability by establishing Delta-neutral positions and selling BTC perpetual contracts equivalent to its Bitcoin exposure.