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