💵USDI Token

Yield-bearing stablecoin that combines stability with real-time passive income for token holders.

Overview

USDI is an innovative stablecoin designed to offer stability and interoperability within the growing decentralized finance (DeFi) ecosystem. Pegged 1:1 to the US dollar through USDT and accessible across multiple EVM (Ethereum Virtual Machine) networks (Ethereum, Base, Polygon, BSC, Avalanche, Optimism, Arbitrum) via an intuitive DApp, USDI aims to simplify value transfer between different blockchains, reduce transaction costs, and enhance liquidity for users and DeFi protocols. This whitepaper details the architecture, operational mechanism, use cases, marketing strategy, and future plans for USDI.

Fully Collateralized

Each USDI token is backed 1:1 by high-quality, liquid assets, ensuring full security and transparency for all users.

Secure Cross-Chain Compatibility with Axelar Protocol

USDI is designed to be a cross-chain asset, meaning users can hold and generate yield on any supported blockchain, offering flexibility and seamless integration into multiple ecosystems. No matter where users hold USDI, it will generate real-time yield across chains, making it a powerful tool for earning passive income in any DeFi ecosystem.

USDI utilizes advanced Axelar cross-chain technology, which is the most secure cross-chain tech available today.

Ethereum Minting

USDI can be minted directly on ETHEREUM and the dapp create on BSC, to peaple use the axelar system. taking advantage of the network’s low fees and high efficiency for fast, cost-effective transactions.

About Yield

Simply holding USDI in a wallet not automatically generates yield, need staking or locking on the dapp. The Problem

The DeFi ecosystem, while promising, faces a significant challenge: the fragmentation of liquidity across various blockchains. Currently, the need to move stablecoins between these networks often involves complex processes, high fees, and inherent risks associated with traditional bridges. This friction limits market efficiency and hinders the widespread adoption of multichain DeFi applications.

The Solution: USDI

USDI emerges as a multichain stablecoin seeking to address these issues by offering:

• Stability: A direct and transparent 1:1 peg to the US dollar, backed by USDT, one of the most liquid and trusted stablecoins in the market.

• Interoperability: Native availability across multiple Ethereum Virtual Machine (EVM) compatible networks, facilitating seamless value transfer without the need for complex and risky bridges. The initial supported networks include Ethereum, Base, Polygon, BSC (Binance Smart Chain), Avalanche, Optimism, and Arbitrum.

• Accessibility: A simplified process for minting (issuing) USDI by depositing USDT and burning (redeeming) USDI for USDT through an intuitive and user-friendly DApp (decentralized application).

• Reduced Costs: The ability to utilize USDI on networks with significantly lower transaction fees compared to the Ethereum mainnet, making operations more accessible.

• DeFi Integration: Ease of integration and use within various DeFi protocols (decentralized exchanges, lending platforms, etc.) across all supported networks, enhancing liquidity and yield opportunities for users.

Architecture and Operational Mechanism

1:1 Peg to USDT

USDI's stability is anchored by its 1:1 peg to the US dollar via USDT. Specific details on how this peg is maintained will be provided, including the custody process for the underlying assets (USDT), the audit mechanisms implemented to ensure transparency and verification of reserves, and any additional security measures to protect these assets. Transparency will be a priority, with plans to regularly disclose information regarding the reserves backing USDI.