The de-anchor of Synthetix stablecoin sUSD intensifies to US$0.77

Crypto 7x24

2025-04-17 20:20:41

1.52W

On April 17, according to market information, Synthetix's U.S. dollar stablecoin sUSD has intensified its unanchoring, falling 9.9% within the day to now report at US$0.77, and its market value has dropped to US$24.6 million. Previously, Synthetix founder Kain had said that the sUSD anchored repair mechanism was in the process of transition, having sold 90% of ETH and added SNX positions.

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