Indigo iUSD (iUSD) stablecoin analytics
iUSD is Indigo Protocol's decentralized synthetic dollar on Cardano, minted against overcollateralized CDP vaults of Cardano-native assets.
Static Profile
Static stablecoin profile
Indigo iUSD (iUSD) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
Cardano-native synthetic dollar minted from overcollateralized Cardano-asset CDPs; Cardano supply remains curated rather than live-verified. Indigo iUSD is a Cardano synthetic dollar minted against overcollateralized positions in Indigo Protocol. Its risk profile is a classic...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- ADA-only collateral in overcollateralized Indigo Protocol CDP vaults; deposited ADA continues earning Cardano staking rewards via CDP Liquid Staking
- Peg Mechanism
- Overcollateralized ADA-backed CDP synthetic dollar that tracks the median oracle price of USDC, USDT, and TUSD (fault-tolerant triple-peg). Solvency is maintained by per-iAsset Stability Pools that absorb liquidations of undercollateralized CDPs (Stability Providers paid in ADA collateral plus INDY), plus V2 redemptions (RMR hard peg) and a DAO-set variable interest rate (soft peg). Collateral parameters and MCR are governed by the INDY DAO
- 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.
Snippet Answer
Is iUSD safe?
Pharos does not mark iUSD as absolutely safe. Static metadata says Indigo iUSD uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that no direct freeze-control signal is recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety iusd-indigo-protocol
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
iUSD quick answers
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 ADA-backed CDP synthetic dollar that tracks the median oracle price of USDC, USDT, and TUSD (fault-tolerant triple-peg). Solvency is maintained by per-iAsset Stability Pools that absorb liquidations of...
What backs iUSD?
Pharos classifies iUSD backing as Crypto-Collateralized. Collateral, per the static profile: ADA-only collateral in overcollateralized Indigo Protocol CDP vaults; deposited ADA continues earning Cardano staking rewards via CDP Liquid Staking Reserve evidence: curated reserve profile.
Can iUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control signal is recorded. Live freeze and blacklist events for iUSD, when applicable, appear in the dossier below.