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.
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