iUSD is a USD-denominated token deployed at 0x48f9e38f3070ad8945dfeae3fa70987722e3d89c on Base. While its official name and issuer are not provided, the token is linked to the InfiniFi ecosystem, as Pendle markets for iUSD distribute yield tokens (YT) as InfiniFi points.
The token currently has active Pendle markets with maturities spanning late 2025 to mid-2026. These markets report implied APYs ranging from roughly 8% to 38%, with TVL in the multi-million dollar range. The consistent "cheap_pt" regime indicates that principal tokens are trading at a discount, a common structure in yield-splitting markets.
Current data lacks confirmed decimals and a live USD price, and iUSD shows no recorded activity on Aerodrome or Base vote markets. LP operators should verify the token’s peg mechanism, redemption process, and underlying collateral before deploying capital.