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by: xpoolPosted on: May 18, 2025

Synthetix Implements $1M Daily Buyback Program to Stabilize sUSD

Synthetix has launched a new buyback program for its stablecoin, sUSD, aimed at mitigating recent value fluctuations and fostering investor confidence. The program caps daily purchases at $1 million to maintain the US dollar-pegged sUSD exchange rate. This move follows previous efforts like rewards campaigns and maintaining a high sUSD pledge ratio to stabilize the coin’s value.

Related posts:

  1. Synthetix Founder Calls on Stakers to Fix sUSD Depeg
  2. Synthetix Revamps Incentives to Revert sUSD Peg
  3. Synthetix’s sUSD Depeg: A Manual Intervention Effort
  4. Institutional Interest Fuels Surge in Stablecoin & Layer-1 Token Volume
DeFi Stablecoin Synthetix

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