# Initia Foundation Approves Grant to Restore Backing for iUSD Collateral By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/42443 Published: 2026-10-28T07:55:40.000Z Updated: 2026-10-28T07:55:40.000Z Section: Technology > The grant caps are 1.08 million USD Coin (USDC), 105 Ether (ETH) and 1.4 million AUSD0, with transfers subject to reconciliation and final approval. Initia Foundation approved a grant to restore 1:1 backing for Noble's USD Coin (USDC), wrapped Ether (WETH) and AUSD0 used as iUSD collateral after the Oct. 23 security incident. The grant is capped at 1.08 million USDC, 105 Ether (ETH) and 1.4 million AUSD0. Funds will cover shortfalls confirmed through reconciliation, with transfers requiring final approval. Initia said full backing for the affected assets will be restored when the chain resumes. The announcement gave no restart date. The [Oct. 23 incident moved about $2.7 million in assets before Initia paused its network](). Initia has also been [auditing a proposed fix with security partners]() as part of its restart work. ## Links in this article - [Oct. 23 incident moved about $2.7 million in assets before Initia paused its network](https://www.tokenpost.com/news/technology/40153) - [auditing a proposed fix with security partners](https://www.tokenpost.com/news/technology/41608)