Two inflation veterans launch inflation-linked stablecoin USDi, priced based on CPI increase

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According to Bloomberg, two senior professionals in inflation protection and foreign exchange derivatives, Michael Ashton and Andrew Fately, announced the launch of an inflation-linked stablecoin called USDi.

The value of USDi will be determined by the increase in the US Consumer Price Index since December 2024, and USDi tokens will be minted and burned according to its specified value. USDi will be supported by a reserve fund, which will be managed in parallel with the Enduring US Inflation Tracking fund that Ashton has been operating for qualified investors since October 2021. The fund holds inflation-protected bonds (TIPS), US Treasury bonds, foreign exchange, as well as commodity futures and options, and it does not use leverage.

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