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 live value of Synthetix sUSD today?

Today, Synthetix sUSD trades at $0.867245, experiencing a price movement of -2.38% over the last 24 hours. This price shifts constantly, reflecting real-time market sentiment.

How volatile is SUSD right now?

The 24-hour volatility rate is --%, providing insight into how rapidly the token's price is moving. Higher volatility can create both trading opportunities and risk depending on market conditions.

What liquidity conditions does Synthetix sUSD have today?

Synthetix sUSD holds a liquidity score of --/100, which evaluates market depth across exchanges. Higher liquidity typically leads to tighter spreads and better execution for market orders.

What price levels has SUSD traded within today?

Over the past 24 hours, it has traded between $0.866546 and $0.892458. This range helps traders gauge support and resistance zones for short-term strategies.

What is today's trading volume for SUSD?

A total of $-- has been traded in the last day. Volume spikes often precede major price moves or shifts in market sentiment.

How should investors interpret Synthetix sUSD's risk level?

Risk is determined by volatility, liquidity depth, market rank, and supply distribution. As a Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic asset built on --, SUSD's risk profile can fluctuate based on ecosystem updates or industry-wide trends.