iUSD, Cardano's stablecoin, is pegged to USDC, TUSD, and USDT via Indigo Protocol, enabling synthetic assets.
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iUSD, launched in November 2022 as part of Indigo Protocol v1, is Cardano's pioneering fault-tolerant, fully collateralized native stablecoin. It's pegged to the median value of USDC, TUSD, and USDT, ensuring peg stability even if one of these stablecoins depegs. Indigo Protocol allows for the creation of iAssets, synthetic assets mirroring real-world asset prices on the Cardano blockchain. Users can profit from price appreciation without directly owning the underlying asset.
As of now, Indigo Protocol iUSD is trading at 1.015968 USD, with a 24-hour trading volume of approximately 0 USD. The IUSD to USD price is updated in real time. Over the past 24 hours, Indigo Protocol iUSD has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 IUSD in circulation out of a maximum supply of 3 070 000 IUSD.
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