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 today's price of Synthetix sUSD (SUSD)?

The live price is ₹72.47658695025549066000, reflecting a price movement over the last 24 hours of -1.84%. This number is recalculated every few seconds to reflect real-time trading across global markets.

How many tokens of SUSD are in circulation?

The circulating supply of SUSD is 33547800.33486041, representing the amount currently held by the public. Circulating supply affects price discovery and market capitalization, especially for emerging assets.

How many holders currently own Synthetix sUSD?

There are an estimated -- unique holders of SUSD across the supported network(s). A growing holder count generally indicates rising adoption and long-term interest in the asset.

What is the market cap of Synthetix sUSD today?

The market capitalization stands at ₹2427326398.31026266642000, positioning Synthetix sUSD at rank #972 worldwide. Market cap helps investors understand the relative size and maturity of the asset compared to others.

How actively is SUSD being traded today?

Over the past 24 hours, the token recorded ₹-- in trading volume. Higher volumes often correlate with stronger liquidity and higher trader participation.

What is driving the recent movement of Synthetix sUSD?

The recent price movement of -1.84% over the last 24 hours is influenced by market sentiment, investor behavior, category-wide performance within Stablecoins,Decentralized Finance (DeFi),USD Stablecoin,Synthetic Asset,Derivatives,Fantom Ecosystem,Arbitrum Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Crypto-backed Stablecoin,Fiat-backed Stablecoin,Synthetic, and updates from the -- ecosystem. Hot news or rising trading interest may also contribute.