Search results for "SUSD"

Synthetix: Will gradually end all L2 deployments, planning to launch sUSD and sUSDe early deposit vault after Mainnet goes live.

Golden Finance reported that the synthetic asset protocol Synthetix officially announced that due to the unstable Rollup infrastructure, Synthetix often faces downtime. As part of the transition to the Synthetix Mainnet, all L2 deployments will gradually cease, and new deposits in the LP vaults are currently disabled. On July 7, leveraged tokens, as well as perpetual and LP vaults, are expected to be fully deprecated. Traders and liquidity providers (LPs) are advised to migrate their assets to the Ethereum on-chain. After the launch of the Synthetix Mainnet, early deposit vaults for sUSD and sUSDe will be introduced, along with incentive programs for points and gated trading competitions.
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The RWA stablecoin sUSD has been extended to the Base network via Wormhole NTT.

According to BlockBeats, on May 30, Solayer's RWA stablecoin sUSD has been expanded to the Base network through Wormhole NTT, achieving native multi-chain support. With NTT, the token can reduce liquidity fragmentation while maintaining control over token ownership, metadata, and upgrade capabilities.
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Synthetix: The sUSD staking requirement for debt forgiveness participants has been increased to 20% to drive the sUSD back to its peg.

Synthetix strengthens the sUSD peg through the SCCP-409 proposal, raising the sUSD staking requirement for debt relief participants to 20%, prompting sUSD to recover to $1.00. Please note the change in staking requirements; those who do not meet them will have their debt relief suspended. Additionally, treasury buybacks, liquidity incentives, and Infinex activities will be implemented to support this initiative.
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Synthetix will restore the sUSD peg to 1 USD, which will increase the collateral requirement for the 420 pool.

Odaily News Synthetix announced that its stablecoin sUSD will restore to the target of 1 USD, and starting from June 2 at 23:59 UTC, SNX debt collateralizers will be required to increase the collateral ratio of sUSD in pool 420 from 10% to 20%, otherwise, the debt exemption will be suspended. Previously, due to user dumping, sUSD once fell to 0.70 USD. The official stated that restoring the peg will help advance the SIP-420 proposal and the subsequent v4 contract deployment on the Ethereum Mainnet.
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4E: The risk of US-China tariffs is rising, US stocks have hit their largest fall of the year, and encryption assets have declined.

Gate.io News bot, according to 4E monitoring, concerns about the escalation of the tariff war between China and the United States overshadowed the good news of the slowdown in CPI in the United States in March, and the market risk sentiment quickly heated up, and the U.S. stock market failed to extend the previous day's rebound on Thursday, and once plunged sharply in the intraday. As of the close, the S&P 500 index fell 3.5%, and once fell to 6.3% intraday, approaching the first-level circuit breaker threshold, the largest intraday decline since March 2020; The Nasdaq fell 4.31% and the Dow fell 2.5%; The "Big Seven" tech stocks collectively fell hard, with the underlying index falling 6.67%. The crypto market pulled back in tandem, with Bitcoin retreating from the previous day's high of $82,000 to a low of $78,464, and BTC was trading at $80,589 at press time, down 1.27% in 24 hours. Among the top 10 mainstream coins, Ethereum fell the most, falling below $1,500 at one point and now trading at $1,541, down 4.2% in the last 24 hours due to the whale sell-off and sUSD de-anchoring.
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sUSD continued to decline and is now trading at $0.773

Odaily Planet Daily News Market data shows that sUSD continues to fall and is now at $0.773, which has been de-anchored by 22.7%.
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sUSD continues to be unanchored, and is now quoted at $0.816, which has been de-anchored by 18.4%

Odaily Planet Daily News shows that sUSD continues to be unanchored, and the current price is $0.816, which has been de-anchored by 18.4%. In previous news, Parsec analyzed that the de-anchoring of sUSD was caused by the change of the SIP-420 mechanism, and it was not a non-performing debt problem.
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sUSD continues to decouple, currently priced at 0.906 USD

Odaily News According to market data, sUSD continues to decouple, with a minimum price reaching 0.869 USD, and the current quote is 0.906 USD.
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Perena: Some Numeraire users on Solayer's sUSD rise pool have a $3000 subscription Allowlist limit

Odaily Planet Daily News: Perena officially announced on the X platform that users who deposited in the @solayerlabs sUSD rise pool on Numéraire before January 10, 2025 have been included in the Solayer presale Allowlist. Each person can subscribe up to 3,000 USDC or USDT, or the equivalent amount of SOL, WIF, BONK, sUSD, and
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After the launch of synthetic Stable Coins USD on Solana, the deposit amount exceeded 10 million USD within 1 hour

PANews
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Solayer and OpenEden launch sUSD, a yield-generating stablecoin backed by US Treasury bonds, on Solana.

Solayer and OpenEden announced the launch of Stable CoinsUSD backed by US Treasury Bonds on Solana, which is the first among their many tokenized real-world assets. Solayer states that anyone can gain access with just $5.
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Solayer introduces synthetic Stable Coin supported by RWA Solayer USD

Odaily Star Daily News Solayer announced on the X platform that it has launched a synthetic stablecoin Solayer USD (sUSD) supported by RWA, and Solayer said sUSD.
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