Synthetix sUSD Price (SUSD)

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What is sUSD?

sUSD, or synthetic USD, is a synthetic asset launched by Synthetix Exchange. sUSD mirrors and tracks the price of USD provided by an oracle - Chainlink.

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real-world assets on the Ethereum blockchain. Like derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements, and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset. How can I obtain sUSD? To obtain sUSD, users must first obtain Synthetix Network Tokens, which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap. With SNX, users can then stake SNX as collateral on Mintr to mint sUSD. The amount of sUSD minted will depend on two factors: SNX staked and the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuates, the user’s C-Ratio will fluctuate as well. Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH.

What other synthetic assets are there?

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade. To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper. In general, there are five types of synthetic assets: Foreign Exchange (Forex): Synths that track the price of forex currencies Examples: sUSD, sEUR, sAUD etc. Commodity: Synths that track the price of commodities Examples: sOIL, sXAU, sXAG Crypto: Synths that track the price of cryptocurrencies Index: Synths that track an index - a basket of stocks or cryptocurrencies Examples: sDEFI, sCEX, sNIKKEI etc. Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities Examples: sBTC, sETH, sXRP etc. Examples: iBTC, iETH, iOIL, etc.

Which blockchain network does Synthetix sUSD run on?

Synthetix sUSD operates on the -- network, which defines how transactions are processed, the speed of confirmations, and overall security. The chain also determines compatibility with wallets, dApps, and smart contract standards.

What is the current price of SUSD?

The token is priced at $0.963203, marking a price movement of -0.64% over the last 24 hours. Price updates are aggregated from leading global exchanges in real time.

What category does Synthetix sUSD belong to?

Synthetix sUSD falls under the Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic category. This classification helps investors compare SUSD with similar assets in the same sector, such as DeFi, meme, Layer-1, Layer-2, or AI tokens.

What is the market capitalization of Synthetix sUSD?

Its market capitalization is $42060970, placing the asset at rank #734. Market cap provides a broad measure of size, adoption, and investor confidence.

How much supply of SUSD is currently circulating?

There are 43635763.41158543 tokens circulating in the market. This amount directly influences supply-demand balance, price discovery, and inflation expectations.

How active is trading for Synthetix sUSD today?

Over the past day, SUSD generated $-- in trading volume. Strong volume often indicates heightened market interest or reactions to recent news.

How does the price today compare to recent highs and lows?

Within the last 24 hours, Synthetix sUSD fluctuated between $0.957697 and $0.969444, giving traders insight into short-term volatility and potential breakout zones.