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What is sUSD (SUSD)?

sUSD basic info

Name:sUSD
Ticker:
Introduction:

What Is sUSD?

sUSD is a synthetic USD token enabled by the Synthetix protocol, a decentralized synthetic asset issuance protocol built on Ethereum and Optimism. It is designed to track the price of the US dollar via price feeds provided by Chainlink's decentralized network of oracles. As a synthetic asset, sUSD is collateralized by the Synthetix Network Token (SNX), which, when locked in a contract, enables the issuance of these synthetic assets, known as Synths. sUSD stands out in the decentralized finance (DeFi) ecosystem as one of the most liquid decentralized stablecoins, integrated into platforms like Curve and can be traded for other assets native to the Synthetix protocol on exchanges like Kwenta or Synthetix.Exchange.

Resources

Official Website: https://synthetix.io/

How Does sUSD Work?

sUSD operates as a debt liability within the Synthetix protocol. When users mint sUSD, they acquire a share of the total debt pool of all synthetic assets minted on the platform. This mechanism drives the demand for creating and owning synthetic assets, including sUSD, on the Synthetix platform. The pooled collateral model of Synthetix allows users to perform inter-Synth conversions directly with the smart contract, eliminating the need for counterparties. This approach addresses liquidity and slippage issues often experienced by decentralized exchanges (DEXs).

Staking is a crucial aspect of the sUSD system. SNX stakers, looking to exit the system or reduce their debt, must burn sUSD equivalent to their debt. This process involves the Synthetix contract determining the outstanding balance and removing it from the Debt Registry. The required amount of sUSD is then burned, updating the total supply of sUSD and the user's wallet balance. Furthermore, the Synthetix platform offers risk mitigation strategies through its decentralized protocol and is committed to decentralization and censorship resistance, with price feeds crucially provided by Chainlink.

What Is SUSD Token?

SUSD is a stablecoin, with its value pegged to the US dollar, offering a safe haven for investors in times of market uncertainty. SUSD can be traded on various exchanges. As a stablecoin, SUSD offers instant transaction capabilities while focusing on security and privacy, and is less volatile compared to the general cryptocurrency market due to its price being pegged to fiat currencies like the dollar.

What Determines sUSD’s Price?

The price of sUSD, a prominent stablecoin in the decentralized finance (DeFi) landscape, is primarily determined by its peg to the US dollar. This pegging mechanism is a fundamental aspect of sUSD's design, ensuring that its value mirrors that of the US dollar. The stability of sUSD's price is maintained through a sophisticated system of decentralized oracles, predominantly provided by Chainlink, which continuously supply real-time price feeds of the US dollar. These oracles play a critical role in the Synthetix ecosystem, enabling the protocol to accurately track and replicate the USD's value, thereby ensuring that sUSD remains a reliable and stable medium of exchange within the cryptocurrency market. This mechanism is crucial for maintaining trust and consistency in transactions, particularly in a market known for its volatility.

In addition to the oracle system, the overall stability and functionality of the Synthetix protocol contribute significantly to sUSD's price stability. The protocol employs a pooled collateral model, where Synthetix Network Tokens (SNX) are staked as collateral to mint sUSD, creating a robust backing for the stablecoin. This process not only secures the value of sUSD but also aligns it closely with the dynamics of the broader DeFi ecosystem. The demand for synthetic assets and the activity within the Synthetix platform can influence sUSD's liquidity and availability, indirectly impacting its stability and reliability. As the DeFi sector continues to evolve, the integration of sUSD across various platforms and its role in facilitating seamless, stable transactions further solidify its position and price stability in the rapidly growing world of blockchain and cryptocurrencies.

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Current price:
All-time high:$2.36
All-time low:$0.3876

SUSD supply and tokenomics

Circulating supply:13,790,548 SUSD
Total supply:13,790,547.76 SUSD
Max supply:142,399,574 SUSD
Market cap:$13.67M
Fully diluted market cap:$141.17M

Links

Buy sUSD for $1Buy SUSD now

What is the development prospect and future value of SUSD?

The market value of SUSD currently stands at $13.67M, and its market ranking is #1064. The value of SUSD is not widely recognized by the market. When the bull market comes, the market value of SUSD may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SUSD has broad market potential and significant room for development. The distinctiveness and appeal of SUSD may attract the interest of specific groups, thereby driving up its market value.

What will the price of SUSD be in 2025?
Based on SUSD's historical price performance prediction model, the price of SUSD is projected to reach $1.06 in 2025.
What will the price of SUSD be in 2030?
In 2030, the SUSD price is expected to change by -19.00%. By the end of 2030, the SUSD price is projected to reach $1.14, with a cumulative ROI of +16.46%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SUSD and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is SUSD worth investing or holding? How to buy SUSD from a crypto exchange?

If you want to buy SUSD, the following information may be helpful for your investment decisions:
In the last seven days, the price of SUSD has risen by 0.05%, leading to positive returns for most SUSD investors. The market is currently optimistic about the price trend of SUSD.
It is important to note that the current price of SUSD has retreated by -57.92% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SUSD is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SUSD or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SUSD, if you want to buy or sell SUSD, you can consider Bitget for your trading needs. The best place to buy SUSD is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in sUSD has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy sUSD. Here's a step-by-step guide on how to buy sUSD on Bitget.

How to get sUSD through other methods?

Using cash to buy sUSD is not the only way to obtain sUSD. If you have the time to spare, you can get sUSD for free.
Learn how to earn sUSD for free through the Learn2Earn promotion.
Earn free sUSD by inviting friends to join Bitget's Assist2Earn promotion.
Receive free sUSD airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to sUSD through Bitget Convert, Bitget Swap, or spot trading.

What is sUSD used for and how to use sUSD?

The use case of sUSD may expand as the crypto market and the project itself develop. Currently, you can use SUSD to achieve the following goals:
Arbitrage by trading SUSD: Since SUSD is a frequently traded cryptocurrency, the price of SUSD is always fluctuating. Earn more SUSD by buying low and selling high on the exchange. Bitget spot market provides a variety of SUSD trading pairs to fully meet your needs.
Earn by staking SUSD: You can also generate income through financial management methods such as staking SUSD or lending SUSD. Bitget Earn offers a variety of financial products designed to help you earn more income from your SUSD.
Send or pay SUSD: If you want to give SUSD to your friends, a charity, or a fundraiser, or you want to pay someone with SUSD, you can quickly and easily send SUSD to the recipient through their payment address.
You can also go to the official website of the sUSD project to learn more about the use cases of SUSD. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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