DeFi
InfiniFi's iUSD Stablecoin Reaches $115M TVL, Enters Top 30 Ranking
The fractional-reserve stablecoin's rapid growth highlights DeFi's demand for innovative, yield-generating dollar alternatives.
September 13, 2025
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• iUSD stablecoin TVL nearly doubled to ~$115M since August, placing it in the top 30 stablecoins.
• Unlike traditional stablecoins, iUSD is a fractional-reserve currency built on yield-bearing assets.
• Its growth indicates a rising demand in DeFi for innovative stablecoins that offer native yield.
InfiniFi's stablecoin, iUSD, has entered the top 30 stablecoins by total value locked (TVL), with its TVL approaching $115 million. This represents a near-doubling of its TVL since August, according to data from DeFi Llama.
The rapid growth of iUSD points to a significant trend within the DeFi ecosystem. Unlike traditional stablecoins that are typically fully collateralized, iUSD operates on a fractional reserve model and is built on yield-bearing stablecoins. This structure allows the protocol to offer users higher yields than conventional designs.
The growth of iUSD illustrates how new DeFi-native mechanics can reshape the stablecoin market. By embedding capabilities like built-in yield directly into the asset, InfiniFi shows that stablecoins can evolve well beyond the basic 1:1 peg and, in doing so, pull in meaningful flows of capital.
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