What is the current price of sUSD?
The current price of sUSD is $0.43 with a 0.23% change in the last 24 hours.
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Read the complete paper trading guideThe current price of sUSD is $0.43 with a 0.23% change in the last 24 hours.
The daily trading volume is $64.54 representing a 303.22% change in the past 24 hours.
The market capitalization of sUSD is $18,748,049, ranking #542 globally.
The fully diluted valuation (FDV) of sUSD is $18,748,049, calculated assuming the total supply of 43,600,114 SUSD is in circulation.
Circulating: 43,600,114. Total: 43,600,114. Max: N/A.
In the last 24 hours, sUSD traded between a low of $0.4301 and a high of $0.4489.
SUSD/USDTTether USDT0.43 USDT
Sophon shutters its L2 to join Base, MIM drops to $0.53, and Synthetix moves to retire sUSD, as market forces reshape crypto infrastructure and stablecoin.
Synthetix founder Kain Warwick published a detailed thread this morning acknowledging that sUSD has been depegged for over a year, taking personal responsibility for treasury mismanagement, and outlining a basis-vault-backed replacement stablecoin to run on the protocol's new v4 exchange.
Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A companion SIP-424 covering technical implementation is pending.
SNX price looks set for a deeper correction as technicals remain bearish for the asset, while its algorithmic stablecoin sUSD fails to maintain its peg to the U.S. dollar. According to data from crypto.news, Synthetix (SNX) was trading at $0.66,…
