I’d like to have more official answers about this kind of things too! Since we are also integrating USDi in CommunityDAO v1.1, it makes sense for potential builders (who gonna potentially request funding to be paid out in USDi) to understand these very details.
From what I know, there are currently two paths for USDI on/off-ramp:
1. For retail-sized swaps, you can use DestBridge to swap between USDI and Ethereum-side USDT:
2. For larger OTC-level demand, you may consider contacting IPN directly to discuss liquidity arrangements: https://x.com/IPN_Intelligent
Glad someone asked, I wasn’t aware of this possibility, thank you @zz_tovarishch!!
BTW, it’s pretty funny: given the currently available information, USDi could just be a glorified bridged USDT and we would be none the wiser. That why I still hold hope for (some of) the OP questions being replied publicly here for everyone to read and learn from them.
Clawback and freeze exclusion: The bridge commingles deposits from many users into shared custody cells. If an issuer froze the bridge address, all bridged representations of that token would become unbacked at once, affecting every holder across every connected chain. Rosen Bridge therefore excludes tokens with issuer-controlled freeze or clawback capabilities as a protocol-level policy.
Hi CDEX, this is ZOE from IPN (the issuer of USDI).
Regarding your question, here’s some information for your reference:
Currently, USDI is only issued through institutions that have undergone KYC and AML procedures. It currently supports USDT and USDC exchange, but not fiat currency exchange.
Similarly, when institutions redeem through IPN, the exchange will be back to USDT or USDC.
If your goal is to enable exchange with fiat currency, you’ll need to utilize other institutions. However, currently, all feasible methods require exchanging for USDT or USDC, which is also a challenge we face; direct exchange with fiat currency is not currently possible.
Of course, with the continued development of the ecosystem, there may be an opportunity to introduce USDI to exchanges, enabling two-way exchange with fiat currency through the exchange’s exchange system.