Milestones

iUSD launched on the Cardano mainnet as part of the Indigo Protocol v1 release, becoming the network's first fault-tolerant native stablecoin.

The price of iUSD recorded an all-time high of $9.65, indicating a period of significant price deviation from its intended $1.00 peg.

The price of iUSD recorded an all-time low of $0.0569, indicating a major de-pegging event.

Indigo Protocol underwent a V2 upgrade, introducing enhanced stability mechanisms and a new fee structure for iAssets like iUSD.

Following the passage of Proposal #94, the Algorithmic Interest v2 mechanism was implemented for all iAssets to help maintain price pegs.