USDi Stablecoin Seeks $1.5 Million in Seed Funding Amid Rising Inflation

USDi, a stablecoin already in circulation, is aiming to secure approximately $1.5 million in seed funding. According to NS3.AI, the token is designed to track the U.S. Consumer Price Index (CPI) and is intended to increase in value with inflation, rather than maintaining a fixed nominal value of $1. Michael Ashton highlighted that the initiative comes at a time when U.S. inflation has surged to 0.9% in the past month, primarily due to energy costs linked to the ongoing conflict in Iran.