How and where to buy Indigo Protocol iUSD coin
The Indigo Protocol iUSD coin is hard enough to purchase, because of a lack of cryptocurrency trading platforms which offer it. The two exchanges offer two pairs. All the details about, including price prediction, instructions and market cap read below.
Where to buy iUSD
Step 1You need an account with a cryptocurrency exchange that supports Indigo Protocol iUSD coin. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Minswap | ?? / ?? | LOW | No | $41 |
Transfer or purchase with P2P one of this coins: ADA or 8DB269....
Step 3Switch to spot on your exchange and type the token name in search line. Select from available trading pairs, then set order and push Buy IUSD button.
Congratulations!
After you click buy, the Indigo Protocol iUSD will be deposited in your account on the crypto exchange. Please be advised that only transferring your coins from trading platform to separate crypto wallet like Trezor T or Ledger, you help better protect your investments. Not only does this reduce your risk if your cryptocurrency exchange or account gets cracked, but if you pick separate hardware wallet, your Iusd coin becomes virtually unbreakable. The only disadvantage usually have to pay a small withdrawal fee to transfer your tokens from the crypto exchange.
What is 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
Video Review
CARDANO NEXT LEVEL STABLECOIN (iUSD)
Statistics and Externals
Concepts of hash algorithm doesn't apply in case of Iusd coin.
Price and supply
The current total supply is 0, with a circulating supply of 0 IUSD as of Nov 2024. The total number of coins that can ever be minted infinite.
The Indigo Protocol iUSD token price is $0.950576703502 as of 01:43 AM. The price went up on 1.0007% over the past 24 hours. The recent price action left the token's market capitalization at 0 USD. So far recent 30 days, the Iusd token increased on 0.94%.
FAQ
What crypto exchange can I buy Iusd coin?
Indigo Protocol iUSD cryptocurrency can be purchased from two exchanges. The list includes: WingRiders and Minswap.
Is Iusd a good investment?
The Iusd coin has a high risks of value fall. Because of high volatility of all cryptocurrency market you bear in mind: any cryptocurrency has a possibility price to crash to zero, you can lose all of your invested funds and unexpected changes in market can lead to sharp and sudden moves in price. Aside from that investing in crypto assets is potentially extremely profitable.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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