Initia iUSD(iUSD)
Market Cap$3.31m
Price-
Total Circulating3.31m
Stablecoin Information
iUSD is the native stablecoin of the Initia network, backed 1:1 by Agora's AUSD bridged to Initia via LayerZero. Unlike traditional stablecoins where the yield from reserves accrues to the issuer, iUSD's yield flows back into the Initia ecosystem.
Category:crytpo-backed
Minting and Redemption
iUSD is minted on Initia 1:1 against AUSD bridged in via LayerZero from Ethereum and Arbitrum. Holders can redeem iUSD by burning it on Initia to unlock the underlying AUSD, which can then be redeemed for USD through Agora.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.36% | -19.30% | -29.30% | 3.31m |