Indigo Protocol iUSD Price (IUSD)

Price of Indigo Protocol iUSD (IUSD) Today

The live price of Indigo Protocol iUSD (IUSD) today is 0.970014 USD. It has a current market cap of $ 0.00 USD. IUSD to USD price is updated in real-time.
Key Indigo Protocol iUSD Market Performance:
- 24-hour trading volume is $ 188.65K USD
- Indigo Protocol iUSD price change within the day is -1.08%
- It has a circulating supply of 0.00 USD

Get real-time price updates of the IUSD to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate IUSD price information.

Indigo Protocol iUSD (IUSD) Price Performance in USD

During today, the price change of Indigo Protocol iUSD to USD was $ -0.0106551266084239.
In the past 30 days, the price change of Indigo Protocol iUSD to USD was $ -0.0735646007.
In the past 60 days, the price change of Indigo Protocol iUSD to USD was $ +0.1510770614.
In the past 90 days, the price change of Indigo Protocol iUSD to USD was $ +0.0787022969594218.

Indigo Protocol iUSD (IUSD) Price Analysis

Discover the latest price analysis of Indigo Protocol iUSD: 24h Low & High, ATH and daily changes:

Indigo Protocol iUSD (IUSD) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is Indigo Protocol iUSD (IUSD)

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.

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