About IUSD
iUSD is Cardano’s first fault-tolerant and fully collateralized native stablecoin released in November of 2022 as part of Indigo Protocol v1. iUSD is pegged to the median value of USDC, TUSD, and USDT; this design allows iUSD to maintain its peg even if one of the three stablecoins (USDC, TUSD, and USDT) depegs.The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iUSD from a DEX just like any Cardano native asset, or can mint iUSD within the Indigo Protocol by depositing ADA as collateral.When users mint iUSD within the Indigo Protocol, they must deposit sufficient ADA such that their CDP remains above the applicable Minimum Collateralization Ratio (MCR) - meaning a user deposits collateral in the form of ADA that ensures over-collateralization. If the value of a user's ADA collateral begins to decrease toward the MCR, a user can choose to add more collateral to keep their iUSD position above the MCR. If a user’s collateral becomes worth less than the MCR of their iUSD debt, the Indigo Stability Pool providers will allow the user to keep their iUSD but will exchange Stability Pool iUSD for the user’s higher value ADA collateral. Thereby ensuring that iUSD remains overcollateralized and that the Indigo Protocol remains solvent via its efficient liquidation process.Unique to Indigo, users still receive their ADA staking rewards from stake pool delegation while ADA is being used as collateral in a CDP. This CDP Liquid Staking feature presents a unique use case for iUSD in trading strategies.The Indigo DAO controls the iUSD parameters and can therefore vote to raise or lower the Minimum Collateralization Ratio for iUSD and all Indigo iAssets.
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Frequently Asked Questions
What is the all-time high price of Indigo Protocol - iUSD (IUSD)?
Read MoreThe all-time high of IUSD was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Indigo Protocol - iUSD (IUSD) is 0. The current price of IUSD is down 0% from its all-time high.
How much Indigo Protocol - iUSD (IUSD) is there in circulation?
Read MoreAs of
, there is currently 0 IUSD in circulation. IUSD has a maximum supply of 3.07M. What is the market cap of Indigo Protocol - iUSD (IUSD)?
Read MoreThe current market cap of IUSD is 0. It is calculated by multiplying the current supply of IUSD by its real-time market price of 1.00.
What is the all-time low price of Indigo Protocol - iUSD (IUSD)?
Read MoreThe all-time low of IUSD was 0
, from which the coin is now up 0%. The all-time low price of Indigo Protocol - iUSD (IUSD) is 0. The current price of IUSD is up 0% from its all-time low. Is Indigo Protocol - iUSD (IUSD) a good investment?
Read MoreIndigo Protocol - iUSD (IUSD) has a market capitalization of $0 and is ranked #8511 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Indigo Protocol - iUSD (IUSD) price trends and patterns to find the best time to purchase IUSD.