sUSD (SUSD)

sUSD (SUSD)

Rank #350

$1

0.05%

0.000048 BTC

SUSD
USD

MARKET CAP

$51.631M

ALL TIME HIGH

$2.36

VOLUME 24H

$30.011M

CIRC. SUPPLY

51.512M

VOL/MCAP

58.00%

TOTAL SUPPLY

51.512M

DILUTED MCAP

$142.727M

MAX SUPPLY

142.4M

1H USD

0.37%

24H USD

0.05%

7D USD

0.12%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

store-of-valuedefistablecoinalgorithmic-stablecoinView all

sUSD Price Chart

24h Change

0.05 %

sUSD - SUSD Profiles

What is sUSD (SUSD)?

sUSD (SUSD) is known as an official stablecoin in the Synthetix ecosystem. The value of sUSD is pegged to the USD at a 1:1 ratio, via a price feed provided by Chainlink. Users can take advantage of this feature to earn extra income from arbitrage of sUSD.

Example: If the market price of sUSD drops to $0.98, a user can buy 100 sUSD for $98 and exchange this sUSD for a corresponding $100 worth of sBTC or any synthetic asset other on Synthetix.

susd-la-gi

Features of sUSD

Basically, sUSD is the main cryptocurrency of Synthetix, used to trade and exchange with other synthetic assets on the platform. In addition, sUSD is also used as a collateral cryptocurrency. For example, users can mint sUSD tokens by staking SNX coins into the Smart Contract of the Synthetix platform.

In the Synthetix protocol, sUSD acts as a “Debt obligation”. That is, when a user mines SUSD coin, they are assigned a portion of the overall debt of all minted synthetic assets. Therefore, the minting and issuance of more sUSD will depend on the demand for mining and owning synthetic assets on the Synthetix platform.

sUSD builds on the DeFi ecosystem, similar to one of the most liquid decentralized stablecoins, including Curve. This coin is tradable without slippage against another account derived from the Synthetic protocol at Kwenta or Synthetix.Exchange.

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People

We found 3 people related to susd-susd, include Founder at Synthetix and CEO at blueshyft Kain Warwick

Organizations

We found 10 organizations related to sUSD has Odette GMM, Zonff Partners, LD Capital, Synthetix, IOSG Ventures, Koji Capital, Nocturnal sheet, D64, Framework Ventures, Zee Prime Capital

sUSD Price Live Data

SUSD Price

$1

Trading Volume

$30.01 M

All Time High

$2.36

1hour Change

0.37%

24hours Change

0.05%

24hours Range

-0.05%

24hours Low

$1.00

24hours High

$1.01

Liquidity ±2%

$201.52 B

Bids -2%

$201,517.00

Asks +2%

$512,402.00

Market Cap

$51.63 M

Fully Diluted Market Cap

142.73 M

Circulating Supply

51.51 M

Total Supply

51.51 M

Max Supply

142.40 M

sUSD Markets

See All Market
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