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by: xpoolPosted on: April 26, 2025

Synthetix’s sUSD Depeg: A Manual Intervention Effort

Synthetix’s stablecoin, sUSD, experienced a sharp depegging event in April 2025 following the implementation of SIP-420. While this update aimed to streamline the system and reduce risk, it inadvertently led to a significant drop in demand for the stablecoin, resulting in a price decline that continues to be addressed by the project’s founder.

Related posts:

  1. Synthetix Founder Calls on Stakers to Fix sUSD Depeg
  2. Synthetix Revamps Incentives to Revert sUSD Peg
  3. Institutional Interest Fuels Surge in Stablecoin & Layer-1 Token Volume
  4. Synthetix Urges Stakers to Take Action Over ‘sUSD Crisis,’
DeFi Stablecoin Synthetix

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