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 Stablecoin Drops to New Low Amidst Market Volatility
Synthetix’s native stablecoin, Synthetix USD (SUSD), has experienced further decline from its US dollar peg, reaching new record lows below $0.70. Despite this volatility, the protocol emphasizes that […]
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, […]
Synthetix’s sUSD Stablecoin Loses Peg: Analyzing Potential Impact
The Synthetix stablecoin, sUSD, has recently experienced a significant de-pegging event, losing its stability to the US dollar. This event has sparked debate among investors and market analysts, […]
Synthetix’s sUSD Stablecoin Experiences Significant Decoupling: What You Need to Know
Synthetix’s decentralized stablecoin, sUSD, has experienced a significant decoupling from its peg. Trading at $0.8107 following a 5.8% drop in the last 24 hours, this marks a notable […]
Synthetix’s sUSD Depeg Explained: Governance Upgrade and Lack of Incentives
A new report from on-chain analytics firm Parsec reveals that Synthetix’s recent depegging of its stablecoin, sUSD, is not due to a failed protocol or bad debt, but […]
sUSD Depegging: Synthetix’s SIP-420 Upgrade Throws Stablecoin into Turmoil
Synthetix’s algorithmic stablecoin sUSD continues to struggle, dropping from its $1 peg. Following the implementation of a governance proposal known as SIP-420, which aimed to improve capital efficiency […]
Synthetix Introduces Customizable Interface for Enhanced User Experience
Synthetix, a prominent name in decentralized finance (DeFi), announced the launch of custom layout features for its platform on October 20th. This innovation aims to enhance user experience […]
Synthetix’s sUSD Stablecoin Drops Below Peg, Spark Concerns About Stability
Synthetix’s synthetic USD stablecoin, sUSD, has experienced a significant drop below its $1.00 peg, plummeting as low as $0.83 before rebounding slightly. This depeg marks the second instance […]
Stablecoin De pegs Again: What’s Behind sUSD’s Latest Fall?
After experiencing a de-pegging event in May 2024, the Synthetix (SNX)-based stablecoin sUSD has once again lost its peg to the dollar. This incident saw sUSD fall below […]
Synthetix Founder Discusses Potential Ethereum Sale Decisions
Kain, founder of Synthetix, recently shared his thoughts on potential Ethereum sales decisions on X (formerly Twitter). He suggests that he may have been better served by selling […]