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Live SUSD Price Analysis
The current real time sUSD price is $0.9449, and its trading volume is $134,939 in the last 24 hours. SUSD price has plummeted by
1.18%
in the last day, and decreased by
3.04%
in the last 7 days. It’s important to note that current sUSD market capitalization is $44,184,024, and the maximum supply is 142,399,574 SUSD coins. Talking about circulating supply, SUSD has 46,759,392 coins. Currently, sUSD rank on the market is #405.
sUSD price today is
89.21%
below
all time high, and it is
457.62%
above
all time low.
All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SUSD are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
What is sUSD?
sUSD is a synthetic token that is based on the Synthetix protocol, which essentially is a derivatives liquidity protocol. The main focus of Synthetix is the development of synthetic assets.
Synthetic assets (Synths) are derivatives on Ethereum that offer exposure to real-world assets. Users can utilize synthetic assets to anticipate price changes, obtain access to markets and assets that are otherwise not accessible, and mitigate or lower risks.
There are different types of synthetic assets, which depend on the type of assets they aim to track. This includes forex, commodity, crypto, index, and inverse synths.
sUSD belongs to the category of forex synthetic assets because it tracks the price of the US Dollar. In order to do that, sUSD uses a decentralized network of oracles provided by Chainlink. Thus, the sUSD price stays stable as it follows $1.
Tokenomics of sUSD
sUSD is minted by staking SNX tokens as collateral on Mintr. SNX is the native token of the Synthtetix protocol. The max supply of sUSD is 142,399,574. This means that, once the supply is reached, no new sUSD tokens can be minted.
However, note that despite staying relatively close to $1, the sUSD price is nevertheless subject to some degree of fluctuation. To verify this for yourself, look at the sUSD price chart above.
What's sUSD trading volume in the last 24 hours?
SUSD has a trading volume of $134,939 in the last 24 hours.
What's sUSD highest price ever?
SUSD has a highest price of $8.76, which was reached on Dec 20, 2022 (5 months 1 week ago).
What's sUSD lowest price ever?
SUSD has a lowest price of $0.1695, which was reached on Dec 11, 2022 (5 months 2 weeks ago).
What are the best exchanges for buying and selling SUSD?
What are the safest hardware wallets for keeping SUSD?
According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping sUSD. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.
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