2025-4-10 10:56 |
Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.1 million, as per CoinGecko… origin »
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Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experThe post Synthetix's sUSD listed on Binance's Innovation Zone appeared first on AMBCrypto.
2020-12-4 18:30 | |
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Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants…
Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko’s price data, sUSD has dropped to $0. 7924 as of Apr.
A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix’s stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420. The stablecoin, which is designed to…
The cryptocurrency market has recently faced an alarming decline, with the global market cap plummeting from $1.28 trillion on April 18 to a staggering $1.18 trillion on April 21. Bitcoin (BTC), the flagship cryptocurrency, has experienced a significant drop, with…
Synthetix’s native SNX token price has surged by over 5% in the last 24 hours, following a $20 million investment in the DeFi project by DWF Labs. DWF Labs, a global digital assets market maker and multi-stage web3 investment company,…
The governance token of MakerDAO, MKR, topped gains last week, adding 27%, trackers on Mar. 5 show.