Synthetix founder Kain.eth confirmed that the stablecoin sUSD has fully re-established its peg, currently valued at $1.05. Kain.eth highlighted how Synthetix’s debt pool design and staking incentives, while […]
Synthetix’s sUSD Stumbles: Deep Depecation Sparks Uncertainty
Synthetic’s algorithmic stablecoin, sUSD, has fallen to its lowest point in years, dropping below $0.7 amid mounting concerns over its stability and liquidity woes. The latest plunge follows […]
Synthetix’s sUSD Plunges Below $0.77, Raising Concerns About Stability
Synthetix’s stablecoin sUSD has experienced a significant drop below the $0.77 mark, sparking concerns about market stability. Its market cap has plummeted from $30 million to $24.5 million, […]