Indigo Protocol iUSD Price (IUSD)

Unlisted

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. 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. 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.

What is the current trading price of Indigo Protocol iUSD?

Indigo Protocol iUSD (IUSD) is currently priced at $1.024 USD, reflecting a price movement of 0.01% over the last 24 hours. This price represents the latest aggregated market rate across major exchanges and updates continuously based on live market activity.

What factors are influencing Indigo Protocol iUSD's price movement today?

The recent price movement over the last 24 hours is shaped by a combination of market sentiment, liquidity fluctuations, and category-wide performance within the Stablecoins,USD Stablecoin,Synthetic Asset,Cardano Ecosystem,Crypto-backed Stablecoin sector. Broader economic trends and on-chain activity on -- may also contribute to short-term volatility.

How strong is the trading interest in IUSD?

Investors have generated $-- in 24-hour trading volume, signaling active participation. Higher volume typically indicates increased confidence and better price discovery.

What is Indigo Protocol iUSD's position in the global crypto market?

It currently holds market rank #1624 with a market capitalization of $9753150, placing it among the more established assets within its sector.

What does the circulating supply tell us about IUSD?

With 9522411.050995 tokens in circulation, the supply level plays a major role in determining scarcity, long-term inflation, and market valuation.

How does today's price compare to Indigo Protocol iUSD's recent performance?

The price range between $1.019 and $1.039 over the last 24 hours highlights its intraday volatility and helps traders evaluate short-term price opportunities.

How does Indigo Protocol iUSD stack up against similar assets?

Against other Stablecoins,USD Stablecoin,Synthetic Asset,Cardano Ecosystem,Crypto-backed Stablecoin tokens, IUSD continues to show competitive performance, supported by steady volume and consistent interest from both retail and institutional participants.