Profile
iUSD profile facts
Indigo iUSD (iUSD) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
Other coins using the iUSD ticker
- infiniFi USD (IUSD) · Active · US Dollar. IUSD is infiniFi's USDC-collateralized dollar stablecoin.
- Initia iUSD (iUSD) · Active · US Dollar. iUSD is an Initia wrapper backed 1:1 by bridged Agora AUSD.
- Collateral
- Overcollateralized Indigo Protocol CDP vaults using ADA or DAO-whitelisted Cardano native tokens, plus stablecoins deposited through governed iUSD peg-stability modules
- Peg mechanism
- Overcollateralized multi-collateral CDP synthetic dollar with per-iAsset Stability Pools, collateral redemptions, DAO-set interest and collateral parameters, and governed peg-stability modules that can mint or redeem iUSD against approved stablecoins
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Cardano.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
iUSD quick answers
5
What is Indigo iUSD (iUSD)?
iUSD is Indigo Protocol's decentralized synthetic dollar on Cardano, minted against overcollateralized CDP vaults of Cardano-native assets. The static profile records its US Dollar peg mechanism as: Overcollateralized multi-collateral CDP synthetic dollar with per-iAsset Stability Pools, collateral redemptions, DAO-set interest and collateral parameters, and governed peg-stability modules that can mint or redeem iUSD against approved stablecoins.
Is iUSD safe?
As of Nov 8, 2026, Pharos grades iUSD C (55/100) on its Safety Score. Pharos's reviews record that no direct power to freeze holders was found on its material deployments, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs iUSD?
Pharos records iUSD's reserves as of Oct 29, 2026 as 95.5% ADA-backed Indigo V3 iUSD CDP debt, 3.4% USDrf/USDCx PSM collateral and other indexer-uncovered issuance, and 1.1% NIGHT-backed Indigo V3 iUSD CDP debt. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can iUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope.
How do you redeem iUSD?
Under the route Pharos reviewed on Oct 20, 2026, any holder can redeem iUSD for an unresolved output asset. Redemption settles atomically on-chain. The reviewed redemption fee is 1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
