Inflation Adjusted USDS
IUSDS

0.9003
1.01 %
Change 24h
Market Cap
€ 1,689,270
Volume 24h
€ 470.49
Circulating Supply
1,876,690
Total Supply
2,210,259
IUSDS
# Exchange Pair Price Volume 24h

Description

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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