Initia iUSD (iUSD) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #190 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
iUSD price
$0.9991
On peg Circulating supply
$1.7M
30-day change
-34.9%
Price
$0.9991
Blockchains
1
Tracked since
May 2026
What is iUSD?
Initia iUSD (iUSD) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #190 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: 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.
iUSD supply history
$5.6M$0
May 9, 2026Oct 8, 2026
$5.6M$0
May 9, 2026Oct 8, 2026
iUSD supply fell 34.9% over the past 30 days, to $1.7M. Its peak was $5.4M in June 2026, and supply is 69% below that high.
Is iUSD holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegiUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where iUSD lives: supply by blockchain
Supply is concentrated: Initia holds 100% of all iUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How iUSD is backed
iUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
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.
iUSD risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $1.7M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
iUSD vs USDT and USDC
Similar crypto-backed stablecoins
See all →
iUSD in the news
Wells Fargo to Launch Tokenized Deposits for Corporate Clients This Fall, Starting With USD-GBP Corridor
SoFi Confirms SoFiUSD Stablecoin Is Live on Solana, Powering Real-Time Commercial Settlements
iUSD FAQ
What is iUSD?
Initia iUSD (iUSD) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #190 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is iUSD pegged 1:1 to the US dollar?
iUSD targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs iUSD?
iUSD is a crypto-backed stablecoin. iUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is iUSD on?
iUSD is live on 1 blockchain. The largest by supply are Initia ($1.7M).
How much iUSD is in circulation?
About $1.7M of iUSD was in circulation at the last update, -34.9% over 30 days. That makes it the #190 stablecoin by supply among those we track.
Is iUSD safe?
No stablecoin is risk-free. As a crypto-backed design, iUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.