sUSD Price

sUSD is a USD-pegged stablecoin created by the Synthetix protocol that maintains a value of approximately $1. As an algorithmic stablecoin, sUSD is collateralized by SNX tokens and operates primarily on the Ethereum blockchain, with additional deployments on Fantom and Optimism networks. Currently ranked #843 with a price of $0.8254, sUSD has seen a -4.68% change in the last 24 hours with a trading volume of $82.61K. sUSD serves as a crucial component in the Synthetix ecosystem, enabling users to trade synthetic assets without leaving the crypto space. With a circulating supply of 41.12M SUSD and a total supply of 41.12M SUSD, sUSD has a market capitalization of $33.94M. As a DeFi-focused stablecoin, sUSD provides liquidity across various protocols and serves as a reliable store of value within the decentralized finance ecosystem. Its stability mechanism uses the Synthetix protocol's collateralization system to maintain its peg to the US dollar.

sUSD was created on July 13, 2018. It was launched as a decentralized stablecoin on the Ethereum platform as part of the Synthetix protocol. As a USD-pegged stablecoin, sUSD maintains a target value of $1 through algorithmic mechanisms. Since its creation, it has become an important component in the DeFi ecosystem, particularly for synthetic asset trading and as a stable store of value. As of 2025-07-22, sUSD has a market cap of $33.94M with a circulating supply of 41.12M SUSD.

sUSD was founded by Kain Warwick, who is also the founder of Synthetix, the decentralized synthetic asset platform that issues SUSD. The stablecoin was launched in 2018 as part of the Synthetix ecosystem, designed to maintain a stable value of $1 USD through collateralization with SNX tokens. The development team behind sUSD includes Jordan Momtazi, Justin Moses, and Clinton Ennis, who have been instrumental in building the Synthetix protocol. As of 2025-07-22, sUSD continues to be maintained by the Synthetix DAO, which governs the protocol through community voting and ensures the stablecoin maintains its peg to the US dollar.

sUSD is a USD-pegged stablecoin that maintains a value of approximately $1 through the Synthetix protocol. It works by using a collateralization mechanism where users lock SNX tokens as collateral to mint SUSD. The current price is $0.8254, with a 24-hour change of -4.68%. The stablecoin employs algorithmic mechanisms and smart contracts to maintain its peg, with the protocol automatically adjusting supply based on market conditions. When price deviates from $1, arbitrage opportunities incentivize traders to restore the peg. Key features: • Decentralized stablecoin on Ethereum and other networks • Collateralized by SNX tokens at a ratio determined by the protocol • Used within the Synthetix ecosystem for trading synthetic assets • Current market cap: $33.94M • 24h trading volume: $82.61K SUSD serves as a stable medium of exchange in DeFi applications, allowing users to hedge against crypto volatility while maintaining blockchain benefits. The total supply of 41.12M SUSD adjusts based on market demand to maintain the dollar peg.

sUSD operates on a multi-chain technical architecture primarily built on Ethereum. It's an ERC-20 token that functions as an algorithmic stablecoin within the Synthetix protocol. The core architecture includes: 1. Smart Contract System: sUSD uses a collateralization mechanism where users lock SNX tokens as collateral to mint SUSD tokens. 2. Price Stability Mechanism: sUSD maintains its $1 peg through a combination of overcollateralization and the Synthetix debt pool system. 3. Cross-Chain Deployment: While primarily on Ethereum, sUSD has been deployed on multiple blockchains including Optimism and Fantom, using specialized bridge contracts for interoperability. 4. Oracle Integration: The system relies on Chainlink oracles to provide accurate price feeds for maintaining the stablecoin's peg. 5. Governance: Technical parameters are managed through the Synthetix governance system, allowing stakeholders to vote on protocol changes. The current circulating supply is 41.12M SUSD with a total supply cap of 41.12M SUSD. This architecture enables sUSD to maintain stability while providing liquidity across DeFi ecosystems.

sUSD aims to maintain its position as a leading decentralized stablecoin in the DeFi ecosystem. The roadmap focuses on three key areas: 1. Enhanced Cross-Chain Integration: By 2026, sUSD plans to expand beyond Ethereum, Optimism, and Fantom to additional Layer 1 and Layer 2 networks, improving accessibility and reducing transaction costs. 2. Improved Stability Mechanisms: The development team is implementing advanced algorithmic controls to maintain the SUSD peg to USD more efficiently, with major protocol upgrades scheduled for Q4 2025. 3. DeFi Ecosystem Growth: sUSD is strengthening partnerships with lending platforms, DEXs, and yield aggregators to increase utility and adoption. The long-term vision includes governance decentralization, with community members gaining more control over protocol decisions by 2027. The team is also exploring innovative collateralization methods to enhance capital efficiency while maintaining the stable $1 peg that has made sUSD a trusted stablecoin in the Synthetix ecosystem.