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Two American anti-inflation advocates launched the USDi stablecoin, which is valued based on CPI data

ChainCatcher news, according to Bloomberg, two senior figures in the U.S. anti-inflation protection and foreign exchange derivatives sectors have launched the dollar stablecoin USDi, whose value is determined by the growth of the U.S. Consumer Price Index (CPI) since December 2024. As of April 15, its value is $1.00863.According to Michael Ashton, who began his anti-inflation investment career at Barclays in the early 2000s, USDi is equivalent to the principal of TIPS, or theoretically similar to an inflation-protected savings account (if one existed). Ashton stated, "There is currently no true risk-free asset, that is, inflation-protected cash. Holding cash is an option on future opportunities, and the cost of that option is inflation. If inflation-protected cash is created, that is the endpoint of the risk line."According to a statement from USDi Partners LLC, the token will have the same purchasing power as the dollar in December 2024. USDi will mint and burn tokens at its stated value, which, like the principal of TIPS, will depend on the CPI of the 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 value of TIPS and USDi with a two-month lag, meaning the CPI for December corresponds to March 1, with data published up to May 31. The value of USDi on April 15 is calculated by dividing the CPI of that day (interpolated between the monthly values of January and February) by the CPI of December, which will always be the denominator in the formula.USDi will be backed by a reserve fund managed by Ashton, who has been managing the Enduring US Inflation Tracking Fund for qualified investors since October 2021. The fund holds assets such as TIPS.

Port3 Network announces migration to BNB Chain and launches a new AI social data analysis tool Rankit

ChainCatcher news, the decentralized AI service protocol Port3 Network today announced the complete migration of its token PORT3 liquidity from Ethereum to BNB Chain, while also announcing the upcoming launch of a new product, Rankit.Rankit, based on comprehensive social data collection and deep analytical capabilities of AI large models, provides users with a full range of project popularity assessments, user behavior analysis, and community activity ranking services. Rankit can offer social rankings for the BNB Chain ecosystem. By integrating multidimensional data indicators, Rankit enables investors and project parties to quickly grasp market dynamics and make more informed decisions.As the infrastructure for Web3 social data, Port3 Network has developed rapidly since its establishment in 2022. Its core product SoQuest, leveraging the Social-to-Earn mechanism, has accumulated over 6 million active users. The project has established a unique advantage in the Web3 social data field, successfully integrating user data from mainstream social platforms such as Telegram, Discord, and X through proprietary data collection technology, covering a user base of over 10 million. These rich data resources have built Port3's unique Web3 Social Data Layer, providing valuable data support for the entire blockchain ecosystem.The launch of Rankit is another solid step for Port3 in the field of AI applications, injecting new vitality into intelligent decision-making and ecological construction in Web3.
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