Synthetix sUSD Price (SUSD)

Unlisted

What is sUSD?

sUSD, or synthetic USD, is a synthetic asset launched by Synthetix Exchange. sUSD mirrors and tracks the price of USD provided by an oracle - Chainlink.

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real-world assets on the Ethereum blockchain. Like derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements, and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset. How can I obtain sUSD? To obtain sUSD, users must first obtain Synthetix Network Tokens, which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap. With SNX, users can then stake SNX as collateral on Mintr to mint sUSD. The amount of sUSD minted will depend on two factors: SNX staked and the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuates, the user’s C-Ratio will fluctuate as well. Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH.

What other synthetic assets are there?

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade. To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper. In general, there are five types of synthetic assets: Foreign Exchange (Forex): Synths that track the price of forex currencies Examples: sUSD, sEUR, sAUD etc. Commodity: Synths that track the price of commodities Examples: sOIL, sXAU, sXAG Crypto: Synths that track the price of cryptocurrencies Index: Synths that track an index - a basket of stocks or cryptocurrencies Examples: sDEFI, sCEX, sNIKKEI etc. Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities Examples: sBTC, sETH, sXRP etc. Examples: iBTC, iETH, iOIL, etc.

What is the current price of Synthetix sUSD?

Synthetix sUSD is trading at £0.67448884951093360000, experiencing a price movement of 0.02% over the last 24 hours. This figure reflects real-time pricing aggregated from global exchanges.

How does today's price compare to historical levels?

The ATH of Synthetix sUSD is £1.8423150896150000, while the ATL is £0.32311725186216190000. Comparing the current price to these levels can help investors evaluate long-term potential and previous growth cycles.

What is the overall valuation of SUSD today?

The market capitalization sits at £29375426.85315026360000, placing the asset at rank #752 among all cryptocurrencies.

How active is Synthetix sUSD's market participation?

The asset has generated £-- in 24-hour trading volume, showing how frequently traders are engaging with SUSD.

What is the circulating supply and why does it matter?

With 43551729.28290592 tokens currently circulating, supply dynamics influence scarcity, inflation rates, and long-term valuation trends.

What category does Synthetix sUSD fall under?

Synthetix sUSD is part of the Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic classification, which groups it with other assets sharing similar utility or ecosystem roles.

How does -- impact SUSD's value proposition?

Operating on the -- network enables SUSD to leverage specific transaction speeds, fees, security models, and smart contract functionalities, contributing to its overall adoption.