Synthetix had another de-peg of its asset-backed sUSD token. The stablecoin slid to $0.83 due to the transitional period of ...

Synthetix’s sUSD loses its peg, falling to $0.83. Experts warn of risks, but a $30M treasury could prevent a full collapse.

USD recently lost its peg amid system changes in Synthetix, with updates and rewards aiming to bring back user trust.

The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg. The asset has faced persistent ...