BlockBeats News, April 15th, according to Bloomberg, two senior US experts in inflation-resistant assets and forex derivatives have launched the USDi stablecoin, whose value is determined by the US Consumer Price Index (CPI) growth since December 2024. As of April 15th, its value is $1.00863.

As introduced by Michael Ashton, who began his inflation-resistant investment career at Barclays Bank in the early 2000s, USDi is equivalent to the principal of TIPS, or theoretically similar to an inflation-resistant savings account (if one existed). Ashton said, "A truly risk-free asset currently doesn't exist, which is cash that's inflation-protected. Holding cash is an option on future opportunity, and the cost of that option is inflation. If inflation-protected cash is created, that's the end of the risk line."

According to a statement from USDi Partners LLC, the token will have the same purchasing power as the US dollar in December 2024. USDi will mint and burn tokens based on its stated value, which will match the TIPS principal and depend on the day's CPI.

Although the government only releases the CPI once a month, it interpolates the daily values for TIPS investors to calculate accrued interest. The CPI value determines the index value for TIPS and USDi with a two-month lag, meaning the December CPI corresponds to March 1st, with data available through May 31st. The April 15th value of USDi is calculated by dividing the CPI for that day (interpolated between January and February monthly values) by the December CPI, which will always be the denominator in the formula.

USDi will be backed by a reserve fund managed by Ashton, who has been managing the Enduring US Inflation Tracking Fund for qualified investors since October 2021. The fund holds assets such as TIPS.