Synthetix USD
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SUSD to USD converterSUSD
USD0
SUSDUSDNo chart data available
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$0
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Volume (24h)
$0
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Price Performance
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Market Cap
$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
0Max Supply
$0Infinity Supply
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Website
Socials
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Tags
Store Of Value
DeFi
About Synthetix USDsUSD (Synthetix USD) is a synthetic stablecoin issued by the Synthetix protocol that maintains a $1 peg through over-collateralization by SNX tokens and integration into Synthetix's synthetic asset infrastructure. Built on Ethereum, sUSD enables users to exchange crypto collateral for stablecoin exposure while participating in Synthetix's derivatives ecosystem, serving as both settlement layer and capital funding mechanism for synthetic asset trading. Unlike fiat-backed stablecoins, sUSD derives stability from crypto collateral and active governance participation from SNX token holders who vote on stability parameters and collateral requirements. sUSD enables efficient settlement of synthetic asset trades within Synthetix's ecosystem, creating cash-flow-generating mechanisms tied to derivatives trading volumes and oracle usage. Launched alongside Synthetix's mainnet, sUSD has established itself as specialized stablecoin infrastructure for derivatives trading and synthetic asset settlement rather than universal DeFi use. Trading with institutional adoption within Synthetix ecosystem, sUSD's market performance has been driven by derivatives protocol expansion, synthetic asset demand, and positioning as specialized settlement infrastructure — though limited composability outside Synthetix ecosystem and competition from alternative stablecoins constrain its role as universal settlement layer.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
NoCEX Listed
YesKYC to mint or redeem
NoTransferable
YesSelf Custody
Yes