Foresight News reports that the full-chain Rollup L1 network Initia has launched its native stablecoin, iUSD. iUSD is backed by Agora’s AUSD and bridged cross-chain to Initia via LayerZero. The official statement says that unlike other stablecoins where the yield belongs to the issuer, iUSD will flow back into the ecosystem. Users can provide liquidity for the iUSD-USDC and INIT-iUSD trading pools on Initia DEX; lend out iUSD on Echelon (coming soon); and deposit iUSD into The Cabal treasury (coming soon).
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