Indigo Protocol iUSD

IUSD Price

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.

Where can you buy Indigo Protocol iUSD?

IUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Indigo Protocol iUSD is Minswap, where the most active trading pair IUSD/ADA has a trading volume of $10,409.28 in the last 24 hours.

What is the daily trading volume of Indigo Protocol iUSD (IUSD)?

The trading volume of Indigo Protocol iUSD (IUSD) is $17,527.91 in the last 24 hours, representing a 15.30% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Indigo Protocol iUSD (IUSD)?

Indigo Protocol iUSD (IUSD) reached an all-time high of $2.16 and an all-time low of $0.0₆8194. It’s now trading -53.50% below that peak and 122,394,815.80% above its lowest price.

What is the market cap of Indigo Protocol iUSD (IUSD)?

Market capitalization of Indigo Protocol iUSD (IUSD) is $9,550,535 and is ranked #1277 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IUSD tokens (9.5 Million tokens are tradable on the market today).

What is the fully diluted valuation of Indigo Protocol iUSD (IUSD)?

The fully diluted valuation (FDV) of Indigo Protocol iUSD (IUSD) is $9,550,535. This is a statistical representation of the maximum market cap, assuming total number of 9.5 Million ETH tokens are in circulation today.

How does the price performance of Indigo Protocol iUSD compare against its peers?

With a price increase of 1.80% in the last 7 days, Indigo Protocol iUSD (IUSD) is outperforming the global cryptocurrency market which is down -5.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -1.30%.