Rank #214
1,168 people like this
susd  (SUSD)

sUSD (SUSD)

$1.00 0.4%
0.00002079 BTC 0.7%
0.00027911 ETH 2.0%
1,168 people like this
$0.992096
24H Range
$1.01
Market Cap $308,155,804
24 Hour Trading Vol $41,023,032
Fully Diluted Valuation $308,155,804
Circulating Supply 307,234,231
Total Supply 307,274,298
Max Supply 307,234,231
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SUSD
USD
USD
sUSD (SUSD) Price Chart

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1h
24h
7d
14d
30d
1y
0.2%
0.4%
0.1%
0.8%
0.5%
-3.0%

SUSD Price and Market Stats

SUSD Price $1.00
Market Cap $308,155,804
Market Cap Dominance 0.01%
Trading Volume $41,574,171
Volume / Market Cap 0.1398
24h Low / 24h High $0.992096 / $1.01
7d Low / 7d High $0.985765 / $1.01
Market Cap Rank #214
All-Time High $2.45 -59.1%
Feb 18, 2020 (over 1 year)
All-Time Low $0.429697 133.4%
Mar 18, 2020 (over 1 year)

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?

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.

 

sUSD News & Guides

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