iUSD is Cardano’s first fully collateralized, fault-tolerant stablecoin, pegged to the median value of USDC, TUSD, and USDT. It is minted and backed by ADA deposits in the Indigo Protocol.
IUSD is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Indigo, a protocol rated as Watch out.
IUSD is a stablecoin that often trades more than 100bps off its peg to USD, making it a highly volatile store of value.
Indigo
IUSD does not have a supply schedule.