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.

What is the current trading price of Synthetix sUSD?

Synthetix sUSD (SUSD) is currently priced at $0.907363 USD, reflecting a price movement of -3.43% over the last 24 hours. This price represents the latest aggregated market rate across major exchanges and updates continuously based on live market activity.

What factors are influencing Synthetix sUSD's price movement today?

The recent price movement over the last 24 hours is shaped by a combination of market sentiment, liquidity fluctuations, and category-wide performance within 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 sector. Broader economic trends and on-chain activity on -- may also contribute to short-term volatility.

How strong is the trading interest in SUSD?

Investors have generated $-- in 24-hour trading volume, signaling active participation. Higher volume typically indicates increased confidence and better price discovery.

What is Synthetix sUSD's position in the global crypto market?

It currently holds market rank #731 with a market capitalization of $39553245, placing it among the more established assets within its sector.

What does the circulating supply tell us about SUSD?

With 43591716.95990827 tokens in circulation, the supply level plays a major role in determining scarcity, long-term inflation, and market valuation.

How does today's price compare to Synthetix sUSD's recent performance?

The price range between $0.907163 and $0.939729 over the last 24 hours highlights its intraday volatility and helps traders evaluate short-term price opportunities.

How does Synthetix sUSD stack up against similar assets?

Against other Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic tokens, SUSD continues to show competitive performance, supported by steady volume and consistent interest from both retail and institutional participants.