Synthetix USD (SUS), which reaches the US dollar entrance, has decreased to its lowest level ever less than $ 0.70.
However, the company repeats that this is not the first time that the original is under great pressure, and that many risk measures are present.
“Synthetix and SUSD have survived the multiple bear markets and periods of stablecoin fluctuations: this is not the first flexibility test.”
Nearly 31 % of the 1: 1 tablet decreased
Susd is the encrypted stablecoin. Users close SNX SUSD mint symbols, which makes it highly dependent on the market value of Synthetix (SNX).
At the time of publication, SUSD (Sus) is traded at $ 0.70, less than 30 % of its intended connection 1: 1 with US dollars, According to To CoinmarketCap data.
During the same period, SNX maintained relatively stability, as it immersed only 1.08 % during the past week, as it was traded at $ 0.63. However, from a broader point of view of the total decline in the encryption market, SNX has decreased about 26 % over the past thirty days.
The spokesperson explained that Susd in the short term is driven by “structural transformations” after the launch of the SIP-420, a proposal that transforms the risk of debt from exporting to the protocol itself.
They explained that the company has short, medium and long -term plans to relieve risk.
In the short term, Synthetix said it will continue to support the liquidity of SUD through curve gatherings and deposit campaigns on its derivative platform, Infinx.
For medium -time measures, Synthetix “SNX SMIND” has provided debt -free “that she says will encourage” individual debt payment “.
In the long run, the company says it will make capital efficiency changes through the 420 Group, and manage the SUD protocol level, and provides new “adoption mechanisms” through Synthetix products.
Related to: Crossing in the bear market, most likely recovery in Q3 – Coinbase
On April 2, the founder of Synthetix Kain Warwick explained that the fluctuation is largely due to the main driver to buy Sus. “New mechanisms are offered, but in this transition, there will be some fluctuations,” Warwik He said In the X.
He added: “It should be noted that Susd is not stable from Algo, it is a pure encrypted stable, which can be drifted, but there are mechanisms to pushing it back in the line if it exceeds or below the wedge,” he added.
On April 10, Cointelegraph reported that the original has faced continuous instability since the beginning of 2025. On January 1, SusD decreased to $ 0.96 and bounced only to $ 0.99 in early February. Prices continued to fluctuate until February before settling in March.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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