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Learn About sUSD
What A Seventy-Three Cent Stablecoin Says About sUSD
sUSD (sUSD) is the synthetic decentralized stablecoin issued by Synthetix Protocol on Ethereum, launched in 2018, tracking the US dollar via Chainlink oracles and SNX collateral. sUSD trades at $0.7358 with a market cap of $24M and 33 million tokens circulating. ATH $2.36 (November 2021); ATL $0.2081 (August 2025); current price is a 237% rebound from ATL but 26.4% below the $1 peg. April 2025 SIP-420 lowered minter collateralization from 750% to 200% via a shared debt pool, eliminating reflexive peg-defense incentives and triggering the depeg. Recovery measures: 50% Perps revenue toward sUSD buybacks, March 16 Infinex rewards extension, multi-collateral trading launched April 2026. Synthetix targets re-peg by mid-2026; SLP Vault yields 45% annualized in private beta with $15M committed lockup through June 2026. The thesis: Synthetix engineered the depeg as a capital-efficiency tradeoff and is now engineering recovery through demand-side mechanics rather than collateral overkill.
Optimism Wallet Security Is Broken and Users Don't Know It
On the surface, every Optimism wallet user appears to have Ethereum's security model. But it's an expensive assumption. Wallet exploits against Optimism users have drained roughly $47 million into OP addresses over the course of 2025 and early 2026. Not the big headline stories. Thousands of little ones that add up.
LCX Exchange Quietly Built What Coinbase Should Have
At press time, LCX token price is $0.041, down 92.5% from all-time highs. With total market capitalization below $40 million, Liechtenstein-based exchange LCX seems like little more than rounding error to most crypto traders. What they aren't seeing: while Coinbase spent years litigating with the SEC, LCX spent those years building out the compliance-first infrastructure MiCA now requires of every exchange operating in the EU.
Often Discussed Alongside sUSD
Tokens that appear with sUSD in our academy articles.
sUSD Market Data
The live sUSD price today is $0.72 USD with a 24-hour trading volume of $6,477.61 USD. We update our SUSD to USD price in real-time. sUSD is down 2.06% in the last 24 hours.
The current market cap is $38,302,862.48 USD, ranking #379 by market capitalization. The circulating supply is 52,529,484 SUSD.