sUSD News

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.

BitcoinWorld Synthetix community votes to decommission depegged sUSD stablecoin, offers SNX compensation The Synthetix community has officially approved a proposal to wind down its native stablecoin, sUSD, after months of persistent depegging...

BitcoinWorld Synthetix 2026 Roadmap Unveils Bold Strategy: All Fee Revenue for SNX and sUSD Buybacks In a decisive move to strengthen its economic foundations, the decentralized finance protocol Synthetix has publicly detailed its strategic 2026...

BitcoinWorld sUSD Depeg Crisis Deepens as Stablecoin Plunges to Alarming $0.7215 The synthetic dollar stablecoin sUSD has entered a severe depegging crisis, plummeting to $0.7215 according to CoinMarketCap data on March 15, 2025. This represents a...

Synthetix’s sUSD depeg highlights persistent issues in algorithmic stablecoins, but experts argue there's still potential with smarter design. The post sUSD Depeg Rekindles Terra Flashbacks—Can Algorithmic Stablecoins Ever Win Trust? appeared first...

The decentralized stablecoin $sUSD, issued by Synthetix, is experiencing a rapidly growing depegging crisis. After a concerning drop, the token is now at $0.8030, a full 5% down in the last 24 hours. This steady slide has resulted in us saying that...

The Synthetix protocol, whose issuance is algorithmic, has an asset—sUSD—that has seen its peg continue to deteriorate. The current assets that are over-collateralized do not seem to be affecting the intended value that sUSD should hold. The asset...

In the Solana ecosystem, the newly launched Solayer USD (sUSD) launched the first synthetic stablecoin backed by real-world assets in the Solana blockchain.

The number of stablecoins (dollar-pegged cryptoassets) held in addresses tied to centralized cryptocurrency exchanges has fallen to its lowest level since May 2021, prompting investors to This indicates a growing aversion to the risk of As of May 1,...