Aegis YUSD (YUSD) is a fiat-backed US dollar stablecoin. It has about $34.4M in circulation, ranking #90 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
YUSD price
$0.9992
On peg Circulating supply
$34.4M
30-day change
-1.4%
Price
$0.9992
Blockchains
2
Tracked since
Jan 2025
What is YUSD?
Aegis YUSD (YUSD) is a fiat-backed US dollar stablecoin. It has about $34.4M in circulation, ranking #90 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: YUSD is a Bitcoin-backed stablecoin issued by Aegis Protocol, using a delta-neutral funding rate arbitrage strategy to maintain its peg and generate native yield.
YUSD supply history
$45.7M$33.0M
Oct 8, 2025Oct 8, 2026
$45.7M$0
Jan 25, 2025Oct 8, 2026
YUSD supply fell 1.4% over the past 30 days, to $34.4M. Its peak was $44.4M in December 2025, and supply is 23% below that high.
Is YUSD holding its peg?
Last price
$0.9992
Target
1.0000 USD
Status
On pegYUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where YUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 95% of all YUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How YUSD is backed
Each YUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: YUSD is minted by depositing USDT, USDC, or DAI into the Aegis Mint contract, and redeemed by burning YUSD to withdraw the original collateral.
YUSD risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Small and thinly traded
With $34.4M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
YUSD vs USDT and USDC
Similar fiat-backed stablecoins
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YUSD in the news
Stripe and Advent Offer $53B to Acquire PayPal at 28% Premium, PYPL Surges 15%
Velocity Raises $38M Series A to Build Enterprise Stablecoin Treasury Rails, Backed by Dragonfly and Coinbase Ventures
Aave Labs Launches Stable Vaults to Pipe Fixed Stablecoin Yields Into Fintech Apps via $50B TVL
YUSD FAQ
What is YUSD?
Aegis YUSD (YUSD) is a fiat-backed US dollar stablecoin. It has about $34.4M in circulation, ranking #90 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is YUSD pegged 1:1 to the US dollar?
YUSD targets 1 USD. At the last update it traded at $0.9992, a deviation of -0.08%, which we classify as "on peg".
What backs YUSD?
YUSD is a fiat-backed stablecoin. Each YUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is YUSD on?
YUSD is live on 2 blockchains. The largest by supply are Ethereum ($32.7M), BSC ($1.7M).
How much YUSD is in circulation?
About $34.4M of YUSD was in circulation at the last update, -1.4% over 30 days. That makes it the #90 stablecoin by supply among those we track.
Is YUSD safe?
No stablecoin is risk-free. As a fiat-backed design, YUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.