Market Cap
24h Vol
7720
Cryptocurrencies
62.66%
Bitcoin Share

Synthetix’s Stablecoin sUSD Depegs to Below $0.92 Twice This Week

Synthetix’s Stablecoin sUSD Depegs to Below $0.92 Twice This Week


The Defiant
2025-04-03 19:17:38

Stablecoin sUSD, the synthetic dollar-pegged asset from Synthetix slipped below its dollar peg yesterday, April 2. The stablecoin lost its peg earlier this week, on March 31, as well. Synthetix is the seventh-largest derivatives protocol by total value locked (TVL) . Synthetix’s sUSD fell 4.6% from $0.96035 to $0.91608 in the early hours of March 31, according to CoinGecko data . Since then, the stablecoin retraced, before dipping back just above $0.91 again on Wednesday morning, over 8% below its dollar peg. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.