Metadata last updated at 2025/05/30
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sUSD, $SUSD

USD-pegged Stablecoin

Market Data KPIs

Market Cap

Market Cap
$35M

7-day Relative Change of Market Cap in %

Market Cap 7d %
-0.60%

30-day Relative Change of Market Cap in %

Market Cap 30d %
+10.04%

24-hour Volume

Volume 24h
$303.0K

7-day Volume

Volume 7d
$1.4M

Historical Charts

Price Chart

Volume Chart

Market Cap Chart

Velocity Chart

Metadata & Legal Information

Type of Stablecoin Mechanism

Mechanism

Legal Entity & Protocol Governance

Governance
Decentralized

Legal Issuer

Issuer
Synthetix

Legal Jurisdiction

Jurisdiction
n.a.

Description

SUSD is a synthetic stablecoin created with the Synthetix protocol and tracks 1:1 the price of USD. In order to create sUSD, an investor has to stake SNX token on the Synthetix platform. A high collateralization ratio is required for security reasons. The synthetic USD has to be burned in order to unlock the staked SNX again.

Risks

  • Smart Contract Risks
  • Risk of additional costs through exchange rate change to redeem SNX
  • Collateral volatility
  • Oracle risk

$SUSD Newsticker

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