Initia Foundation approves capital injection to fully restore iUSD peg after exploit
- —Peg of Noble USDC, WETH and AUSD0 to iUSD will be restored 1:1
- —Coverage capped at 1.08M USDC, 105 ETH and 1.4M AUSD0
- —Transfers will execute after reconciliation and final approval
- —The vulnerability fix has been drafted and is under partner audit
Why it matters: Restoring the peg curbs the risk of cascading liquidations in the Initia ecosystem and rebuilds confidence in iUSD.
Source: PANews