Synthetix sUSD Price (SUSD)

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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 market price of Synthetix sUSD?

Synthetix sUSD is valued at $0.903253, moving 1.32% over the last 24 hours. This reflects the most recent state of supply and demand across global crypto markets.

How many unique holders does SUSD have?

There are -- on-chain holders, indicating the distribution and community adoption of SUSD. A rising holder count is often considered a signal of strengthening network participation or increased long-term interest.

How active is Synthetix sUSD on its native blockchain?

As a token on --, activity is influenced by wallet interactions, network fees, staking behavior, and smart contract usage. Elevated activity may correlate with higher trading volume or emerging ecosystem developments.

What is the total circulating supply of SUSD?

The circulating supply stands at 43586636.83793291, which directly affects token scarcity and valuation. Supply changes can occur due to emissions, burns, or unlock schedules.

What's the 24-hour volume for Synthetix sUSD?

Synthetix sUSD generated $-- in trading volume during the past day, demonstrating how actively the asset is being traded and its liquidity depth.

How does SUSD perform relative to Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic competitors?

Compared to other assets in 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 segment, SUSD's momentum is influenced by market sentiment, investor adoption, and on-chain metrics tied to --.