- #577
sUSD sUSD
sUSD Price
Market Cap
$36.81 MRank #577FDV
$36.85 MRank #685Detailed Performance
sUSD shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
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About sUSD (sUSD)
What is sUSD?
sUSD refers to synthetic USD, which is a stablecoin that is part of the Synthetix ecosystem. It is a decentralized, algorithmic stablecoin that is designed to track the value of the U.S. dollar. sUSD is collateralized by a pool of different cryptocurrencies, making it a synthetic representation of the USD. It is primarily used within the Synthetix platform for trading and accessing other synthetic assets.
What makes sUSD unique?
One unique aspect of sUSD is that it is a stablecoin, designed to maintain a stable value relative to the US dollar. This sets it apart from other cryptocurrencies that can have volatile price fluctuations. sUSD is also decentralized, meaning it operates on a blockchain network without the need for a central authority or intermediary. Additionally, sUSD is part of the Synthetix protocol, which allows users to create and trade synthetic assets, providing exposure to a wide range of real-world assets without actually owning them.
Live sUSD Price Data
The current price of sUSD (sUSD) is approximately $0.9818, reflecting a increase of 1.73% in the last 24 hours. The sUSD trading volume in the last 24 hours stands at $103,377.54. sUSD's market cap is currently $36.81 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of sUSD is 37.53 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand sUSD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on sUSD, check out our crypto insights page.