Synthetix’s sUSD stablecoin has plummeted to 0.68 USD following its depeg, showing a nearly 31% decline from its 1:1 target with the US dollar.
The company is implementing strategies to manage sUSD’s volatility, including liquidity support through Curve pools and revised staking mechanisms to promote individual debt repayment.
Recent shifts in market structure, particularly following the SIP-420 announcement, have significantly influenced sUSD’s performance and future stability plans.
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