Last updated at 2022/10/04
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sUSD, $SUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$72M
Market Cap 7d %
-2.75%
Market Cap 30d %
-11.21%
Volume 24h
$2.0M
Volume 7d
$58M
Mechanism
Governance
Decentralized
Issuer
Synthetix
Jurisdiction
n.a.

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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