iUSD(IUSD) Logo

iUSD Price

IUSD
This cryptocurrency is not listed for trading or services on Gate.

iUSD(IUSD) Price Live Chart

iUSD(IUSD) Price Today

iUSD(IUSD) price today is $1.01, with a 24-hour trading volume of $129.5K and as such iUSD(IUSD) has a market cap of --, giving it a market dominance of --. The iUSD(IUSD) price moved +0.99% in the last 24 hours.

IUSD Price Data

  • 24H Volume$129.5K
  • All-Time High(ATH)$1.33
  • 24h High$1.02
  • All-Time Low(ATL)$0.0000008194
  • 24h Low$0.9996

IUSD Market Cap Infos

  • Market SentimentNeutral

IUSD Supply

  • Max Supply

About iUSD (IUSD)

Contract

f66d78b4a...069555344

Explorers

Website

indigoprotocol.io

Community

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.

FAQ About iUSD(IUSD) Price

What determines the price movement of iUSD (IUSD)?

What is the highest price of iUSD price in history?

What is the lowest price of iUSD price in history?

What is the current market cap of iUSD?

How many iUSD are there in the market?

What is the maximum supply of iUSD?

What is the fully diluted market cap (or FDV) of iUSD?

What is the price prediction of iUSD ?

Is iUSD a good investment?

How to buy iUSD?