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susd  (SUSD)

sUSD (SUSD)

$1.02 1.3%
0.00003092 BTC 0.0%
0.00052639 ETH 1.4%
1,057 people like this
Market Cap
$142,158,208
24 Hour Trading Vol
$235,250,303
24h Low / 24h High
$0.987618 / $1.05
Circulating Supply
139,496,702 / 139,496,702
Fully Diluted Valuation
$142,158,208
Max Supply
139,496,702

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sUSD Price and Market Stats

sUSD Price
SUSD Price $1.02
Market Cap $142,158,208
Market Cap Dominance 0.01%
Trading Volume $235,250,303
Volume / Market Cap 1.6581
24h Low / 24h High $0.987618 / $1.05
7d Low / 7d High $1.00 / $1.01
Market Cap Rank #201
All-Time High $2.45 -58.5%
Feb 18, 2020 (over 1 year)
All-Time Low $0.429697 137.1%
Mar 18, 2020 (over 1 year)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 SUSD/USDT
$1.01
1.0133 USDT
0.02% $184,472 $250,975
$757,723
746786.440 SUSD
0.32% Recently
2 SUSD/ETH Info 0x57ab1ec28d129707052df4df418d58a2d46d5f51
$1.01
0.0005248464364465 ETH
0.6% $97,617 $97,324
$2,712,119
2674922.999 0X57A
1.15% Recently
3 SUSD/BTC
$1.02
0.00003105 BTC
0.26% $65,869 $91,743
$482,357
471999.402 SUSD
0.21% Recently
4 SUSD/USDT
$1.00
1.0025 USDT
0.66% $78,267 $98,663
$43,793
43599.122 SUSD
0.02% Recently
5 SUSD/WETH
$1.01
0.0005320408722187 WETH
0.36% $6,174 $84,524
$312,496
307896.564 SUSD
0.13% **about 2 hours ago Updated recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

sUSD Coin Price & Market Data

sUSD price today is $1.02 with a 24-hour trading volume of $235,250,303. SUSD price is up 1.3% in the last 24 hours. It has a circulating supply of 140 Million SUSD coins and a max supply of 139 Million. If you are looking to buy or sell sUSD, Binance is currently the most active exchange.

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

Examples: sBTC, sETH, sXRP etc.

 

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: iBTC, iETH, iOIL, etc.

 

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