Initia Foundation: Approved to provide funding to fill the iUSD collateral gap

Initia officially stated that, with the support of the Initia Foundation, the 1:1 asset backing of the affected assets in the security incident on October 23 will be fully restored when the chain resumes operation.

The Initia Foundation has approved funding to cover the reserve shortfall of Noble USDC, WETH, and AUSD0 used as collateral for iUSD, involving up to 1.08 million USDC, 105 ETH, and 1.4 million AUSD0 respectively. The specific amounts still need to be verified and receive final transfer approval.