What is INDIGO PROTOCOL IUSD(IUSD)?

Basic information about IUSD

Coin name:

Indigo Protocol iUSD

Coin symbol:

Coin introduction:

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.

Current Price:

$1.01More coin details

All-time high:

$1.33

All-time low:

$0.000001

IUSD Supply Info and Tokenomics

Circulating supply:

9,522,411

Total supply:

9,522,411

Max supply:

Market cap:

$9.62M

Fully diluted valuation:

$9.62M

What is the outlook and future value of IUSD?

The current market cap of IUSD is $9.62M, ranked 1612 in the market, showing that the market already recognizes the value of IUSD. When a bull market arrives, the market cap of IUSD may continue to grow.

Moreover, if IUSD can play a greater role in real-world applications—such as if the Monero developers can fully empower IUSD and establish partnerships with more business partners to expand its user base—then the long-term value of IUSD will be further enhanced.

What is the price of IUSD in 2027?

According to the historical price performance prediction model of IUSD, the price of IUSD is expected to reach $1.06 at 2027.

Note: As with any crypto investment, investors should closely monitor IUSD’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get IUSD?

Purchasing IUSD with cash is not the only way to obtain IUSD. If you have enough time, you can get IUSD for free.

Learn how to get Hot rewards for free with IUSD.

Earn free IUSD by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get IUSD airdrops for free.

All crypto airdrops and rewards can be exchanged for IUSD through LBank spot trading.

Buy IUSD starting from $1

What is IUSD used for and how to use it?

The use cases for IUSD may grow with the development of the crypto market and project progress. Currently, you can use IUSD to:

Arbitrage trading of IUSD

IUSD is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many IUSD trading pairs to suit your needs.

Earn yield with IUSD

You can also lend out IUSD or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your IUSD gains.

Send or pay with IUSD

If you want to pay someone with IUSD, you can easily and quickly send IUSD to them using their receiving address.

You can also visit the official website of Indigo Protocol iUSD to learn more use cases of IUSD, such as whether the Indigo Protocol iUSD project supports community/eco apps or buying physical or virtual goods with IUSD.