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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x RAVE: Trade futures to share 200,000 RAVE!
Bitget TradFi: Trade gold, forex, and more assets in one account
CandyBomb x US: Trade to share 5,400,000 US
[Initial Listing] Bitget to list Almanak (ALMANAK). Grab a share of 4,200,000 ALMANAK
Trending news
MoreCrypto prices
More
