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About InfiniFi USD
Analysis of 21 Jul 2026InfiniFi USD (iUSD) is an Ethereum receipt token minted when users deposit USDC into infiniFi. The protocol launched in May 2025 and applies fractional-reserve banking principles on-chain: it keeps liquid capital for redemptions and deploys other capital into liquid and maturity-based DeFi strategies.
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Users can hold iUSD, stake it for liquid siUSD returns, or lock it into one-to-thirteen-week liUSD positions for higher yield and allocation-voting power. The current documentation lists Aave and Spark liquid farms plus Pendle maturity farms.
CoinGecko reported iUSD near $0.9997 on July 21, 2026, with a market cap of about $61.5 million and only about $662 in 24-hour trading volume. Direct redemptions can enter a FIFO queue when liquid reserves are insufficient, so the dollar peg and exit liquidity should not be treated as equivalent to fully cash-backed stablecoins.
