Two American anti-inflation advocates launched the USD stablecoin USDi, whose value is determined by CPI data.

According to ChainCatcher news and Bloomberg reports, two senior figures in the field of anti-inflation protection and forex derivation in the United States have launched the USD stablecoin USDi, which is valued based on the rise of the U.S. Consumer Price Index (CPI) since December 2024. As of April 15, its value was 1.00863 USD. According to Michael Ashton, who started his anti-inflation investment career at Barclays Bank in the early 2000s, USDi is equivalent to the principal of TIPS or theoretically similar to an anti-inflation savings account (if it existed). Ashton stated: "There is currently no truly risk-free asset, and that is anti-inflation cash. Holding cash is a call option on future opportunities, and the cost of that option is inflation. If anti-inflation cash were created, that would be the endpoint of the risk line." According to a statement from USDi Partners LLC, the token will have a value equivalent to the purchasing power of the US dollar in December 2024. USDi will mint and burn tokens at their stated value, which, like TIPS principal, will depend on the CPI of that day. Although the government only releases the CPI once a month, it interpolates daily values for TIPS investors to calculate accrued interest. The CPI value determines the index values of TIPS and USDi with a two-month lag, meaning the CPI for December corresponds to March 1, and data has been published up to May 31. The value of USDi on April 15 is calculated by dividing the CPI for that day (interpolated between the monthly values of January and February) by the CPI for December, which will always be the denominator in the formula. USDi will be supported by a reserve fund managed by Ashton, who has been managing the Enduring US Inflation Tracking fund for qualified investors since October 2021. This fund holds assets such as TIPS.