Turn on the Instant Pot to the sauté setting. Add the olive oil to the pot. Once the oil is hot, add the onions and garlic and cook for 2-3 minutes until softened and fragrant.
Add the chili powder, cumin, paprika, coriander, and cayenne pepper, and cook for 1 minute until fragrant.
Add the diced tomatoes, black beans, vegetable broth, salt, and pepper. Stir to combine.
Secure the lid on the pot and turn the valve to sealing. Cook on the high pressure setting for 10 minutes. Once the cook time is done, allow a natural pressure release for 10 minutes. After 10 minutes, carefully turn the valve to venting to release any remaining pressure.
Stir in the cilantro and lime juice. Serve hot.
Interesting Facts
Black beans are a great source of plant-based protein and fiber.
The spices in this soup provide a boost of antioxidants.