sUSD Coin Price & Market Data
sUSD price today is $1.00 with a 24-hour trading volume of $41,023,032. SUSD price is up 0.4% in the last 24 hours. It has a circulating supply of 310 Million SUSD coins and a total supply of 307 Million. If you are looking to buy or sell sUSD, Binance is currently the most active exchange.
What is sUSD?
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?
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.