The $YU Stablecoin

$YU is an over-collateralized stablecoin primarily backed by Bitcoin, designed to maintain a stable value relative to the US dollar. It leverages the robustness and decentralization of the Bitcoin network while enabling stablecoin transactions to settle on other chains.

Key Features

• Value Stability: Soft-pegged to the US dollar, providing a reliable medium of exchange and store of value.

• Bitcoin-Backed Security: Utilizes Bitcoin as primary collateral, benefiting from the security and resilience of the Bitcoin network.

• Yield Generation: Holders can participate in various DeFi yield-generating opportunities.

• Multi-Chain Compatibility: Issued natively across multiple blockchain networks for enhanced utility and accessibility.

• Permissionless Operation: Users can create multiple vaults, deposit BTC, and mint $YU without restrictions.

Key Advantages

• Bitcoin Collateralization: Enhances security and taps into Bitcoin's liquidity.

• Cross-Chain Functionality: Enables efficient operations across ecosystems without bridging Bitcoin.

• User-Centric Yield Distribution: Passes system-generated fees back to core $YU holders, unlike traditional stablecoins that retain profits centrally.