Synthetix’s sUSD stablecoin continues fall after depeg, tapping $0.68

SUSD Stablecoin Suddenly Depegged Below $0.70 - Data Intelligence

The sUSD stablecoin, integral to the Synthetix protocol and designed to hold a $1 peg, has crashed to $0.68 as of April 18, 2025. This dramatic depegging event has shaken the DeFi community, raising questions about the stability of decentralized stablecoins.  sUSD Value Collapses to $0.68 Unlike fiat-backed stablecoins, sUSD relies on $SNX staking and debt pools, making it vulnerable to protocol changes. The recent price drop, which began around…

Synthetix’s sUSD Stablecoin Depegs to New Low of $0.66 - WorldNL Magazine

Synthetix protocol’s sUSD stablecoin fell to a new low of $0.66 this week, over 30% below its intended $1 peg, extending a month-long depegging trend that has raised concerns about the protocol’s stability.“It is worth pointing out that sUSD is not an algo stable, it is a pure crypto collateralised stable,” Synthetix founder Kain Warwick wrote in an April 2 tweet thread. “The peg can and does drift but there are mechanisms to push it back in lin…

Synthetix’s sUSD Slides Further Away from Peg After Protocol Update

The Synthetix protocol’s sUSD stablecoin is fighting to recover from a very steep depeg that has it far below its intended dollar peg.The sUSD has partially recovered from a drop to $0.66 over the past 24 hours, bouncing back to a still far-under-peg $0.83, according to CoinGecko. It has a market capitalization of $27 million, far below its 2021 high north of $300 million.To continue reading this as well as other DeFi and Web3 news, visit us at …

Urgent DeFi Rescue: Synthetix Launches sUSD 420 Pool to Combat Depegging Crisis

Is your stablecoin feeling a bit unstable? In the fast-paced world of decentralized finance (DeFi), even stablecoins can experience unexpected turbulence. Recently, Synthetix’s sUSD faced a depegging challenge, causing ripples within the crypto community. But fear not, Synthetix is stepping up with an innovative solution: the sUSD 420 Pool. Let’s dive into what this means for SNX stakers and the broader DeFi ecosystem. What’s the Buzz About the …

Synthetix officially launches sUSD 420 Pool to tackle ongoing stablecoin issues

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,”  Announced by founder Kain Warwick on X, the pool will reward participants…

Synthetix’s sUSD Stablecoin Depegs to New Low of $0.66

The Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.