US EditionLatest sUSD Stablecoin Suddenly Depegged Below $0.70 in Cryptocurrency - Doulitsa Press Release Submission
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Latest sUSD Stablecoin Suddenly Depegged Below $0.70 in Cryptocurrency - Doulitsa Press Release Submission
Cryptocurrency news The sUSD stablecoin, integral to the Synthetix protocol and designed to hold a $1 peg, has crashed to $0.68 as of April 18, 2025. This dramatic depegging event has shaken the DeFi community, raising questions about the stability of decentralized stablecoins. sUSD Value Collapses to $0.68 Unlike fiat-backed stablecoins, sUSD relies on $SNX staking and debt pools, making it vulnerable to protocol changes. The recent price drop…
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