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iusds Inflation Adjusted USDS #2785
0.33 USD 0.00% 0.00
DAY RANGE
Circulating supply 714.9K
Total supply 12.1M
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iusds Price

Current Price 0.33 USD
Price Change 24H 0.00 USD
Price Change 24H 0.00%
Price Change 7D 7.69%
Price Change 14D 0.00%
Price Change 30D 0.00%
Price Change 60D 0.00%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 1.11 USD
ATH Change -70.55%
ATH Date 2022, May 27

iusds Markets

RadioShack (Avalanche)
0X8861F5C40A0961579689FDF6CDEA2BE494F9B25A/0X02BFD11499847003DE5F0F5AA081C43854D48815
Last price: 0.33 USD
Last price: 444.65 0X02BFD11499847003DE5F0F5AA081C43854D48815
Spread: 0.61%
24H Volume:
212.4 USD
RadioShack (Polygon)
0X66F31345CB9477B427A1036D43F923A557C432A4/0X613A489785C95AFEB3B404CC41565CCFF107B6E0
Last price: 0.30 USD
Last price: 413.85 0X613A489785C95AFEB3B404CC41565CCFF107B6E0
Spread: 0.62%
24H Volume:
198.1 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Inflation Adjusted USDS

Spice Trade protocol is introducing a new revolutionary concept: A stable coin that automatically adjusts and protects against inflation.

On a monthly basis, as U.S. Bureau of Labor Statistics releases CPI data, the peg for iUSDS adjusts to account for inflation (or deflation). The goal here is to create a stable coin that maintains the relative purchasing power of USD.

The formula is as follows:

Peg (iUSDS) = $1 / Buying Power Coefficient

where

Buying Power Coefficient (or BPC) = CPI as of January 2022 / Current CPI

For example, as of May 2022, the latest CPl data published by BLS is for March 2022:

March 2022: 287.504

January 2022: 281.148

Source: https://www.bls.gov/cpi/tables/supplemental-files/home.htm

Therefore,

Current BPC = 0.97789

and

Peg (iUSDS) = 1/0.97789 = $1.0226

As BLS data updates over time, BPC gets updated based on a ramp up (or down) function to avoid sudden moves in the peg.

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