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sUSD

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Quote currency:
USD
SUSD
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USD
1 SUSD = 0.9958 USD
Last updated 2024-06-18 23:52:53(UTC-0)
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sUSD price live data summary

The live price of sUSD is $0.9958 per (SUSD / USD) today with a current market cap of $32.85M USD. The 24-hour trading volume is $995,873.92 USD. SUSD to USD price is updated in real time. sUSD is -0.33% in the last 24 hours. It has a circulating supply of 32,992,962 .

What is the highest price of SUSD?

SUSD has an all-time high (ATH) of $2.36, recorded on 2021-11-16.

What is the lowest price of SUSD?

SUSD has an all-time low (ATL) of $0.3876, recorded on 2019-04-14.

sUSD price prediction

Set your prediction

When is a good time to buy SUSD? Should I buy or sell now?

When deciding whether to buy or sell SUSD, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SUSD technical analysis can provide you with a reference for trading.
According to the SUSD 4h technical analysis, the trading signal is Strong sell.
According to the SUSD 1d technical analysis, the trading signal is Neutral.
According to the SUSD 1w technical analysis, the trading signal is Sell.

What will the price of SUSD be in 2025?

Based on SUSD's historical price performance prediction model, the price of SUSD is projected to reach $1.54 in 2025.

What will the price of SUSD be in 2030?

In 2030, the SUSD price is expected to rise by -14.00%. By the end of 2030, the SUSD price is projected to reach $3.1, with a cumulative ROI of +211.73%.
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sUSD price performance in USD

24h7d30d90d1yAll-time
-0.33%+0.45%+0.92%-0.26%-0.17%-0.30%
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sUSD price history in USD

TimeLowHigh
24h$0.9951$0.9995
7d$0.9917$1.02
30d$0.9857$1.02
90d$0.9163$1.02
1y$0.9163$1.02
All-time$0.3876(2019-04-14, 5 years ago )$2.36(2021-11-16, 2 years ago )
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sUSD market information

Market cap
$32,853,393.31
-0.33%
Fully diluted market cap
$141,797,190.6
-0.33%
Volume (24h)
$995,873.92
+300.77%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.0303
Circulating supply
32,992,962 SUSD
Total supply / Max supply
32,992,961.22 SUSD
142,399,574 SUSD
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sUSD ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

sUSD Social Data

In the last 24 hours, the social media sentiment score for sUSD was 2.7, and the social media sentiment towards sUSD price trend was Bearish. The overall sUSD social media score was 6,913, which ranks 149 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with sUSD being mentioned with a frequency ratio of 0.01%, ranking 290 among all cryptocurrencies.

In the last 24 hours, there were a total of 308 unique users discussing sUSD, with a total of sUSD mentions of 142. However, compared to the previous 24-hour period, the number of unique users increase by 13%, and the total number of mentions has decrease by 19%.

On Twitter, there were a total of 6 tweets mentioning sUSD in the last 24 hours. Among them, 0% are bullish on sUSD, 33% are bearish on sUSD, and 67% are neutral on sUSD.

On Reddit, there were 42 posts mentioning sUSD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 18% .

All social overview

Average sentiment (24h)
2.7
Social media score (24h)
6.91K(#149)
Social contributors (24h)
308
+13%
Social media mentions (24h)
142(#290)
-19%
Social media dominance (24h)
0.01%
X
X posts (24h)
6
+500%
X sentiment (24h)
Bullish
0%
Neutral
67%
Bearish
33%
Reddit
Reddit score (24h)
32
Reddit posts (24h)
42
-18%
Reddit comments (24h)
0
0%

About sUSD(SUSD)

What Is sUSD?

sUSD is a synthetic USD token enabled by the Synthetix protocol, a decentralized synthetic asset issuance protocol built on Ethereum and Optimism. It is designed to track the price of the US dollar via price feeds provided by Chainlink's decentralized network of oracles. As a synthetic asset, sUSD is collateralized by the Synthetix Network Token (SNX), which, when locked in a contract, enables the issuance of these synthetic assets, known as Synths. sUSD stands out in the decentralized finance (DeFi) ecosystem as one of the most liquid decentralized stablecoins, integrated into platforms like Curve and can be traded for other assets native to the Synthetix protocol on exchanges like Kwenta or Synthetix.Exchange.

Resources

Official Website: https://synthetix.io/

How Does sUSD Work?

sUSD operates as a debt liability within the Synthetix protocol. When users mint sUSD, they acquire a share of the total debt pool of all synthetic assets minted on the platform. This mechanism drives the demand for creating and owning synthetic assets, including sUSD, on the Synthetix platform. The pooled collateral model of Synthetix allows users to perform inter-Synth conversions directly with the smart contract, eliminating the need for counterparties. This approach addresses liquidity and slippage issues often experienced by decentralized exchanges (DEXs).

Staking is a crucial aspect of the sUSD system. SNX stakers, looking to exit the system or reduce their debt, must burn sUSD equivalent to their debt. This process involves the Synthetix contract determining the outstanding balance and removing it from the Debt Registry. The required amount of sUSD is then burned, updating the total supply of sUSD and the user's wallet balance. Furthermore, the Synthetix platform offers risk mitigation strategies through its decentralized protocol and is committed to decentralization and censorship resistance, with price feeds crucially provided by Chainlink.

What Is SUSD Token?

SUSD is a stablecoin, with its value pegged to the US dollar, offering a safe haven for investors in times of market uncertainty. SUSD can be traded on various exchanges. As a stablecoin, SUSD offers instant transaction capabilities while focusing on security and privacy, and is less volatile compared to the general cryptocurrency market due to its price being pegged to fiat currencies like the dollar.

What Determines sUSD’s Price?

The price of sUSD, a prominent stablecoin in the decentralized finance (DeFi) landscape, is primarily determined by its peg to the US dollar. This pegging mechanism is a fundamental aspect of sUSD's design, ensuring that its value mirrors that of the US dollar. The stability of sUSD's price is maintained through a sophisticated system of decentralized oracles, predominantly provided by Chainlink, which continuously supply real-time price feeds of the US dollar. These oracles play a critical role in the Synthetix ecosystem, enabling the protocol to accurately track and replicate the USD's value, thereby ensuring that sUSD remains a reliable and stable medium of exchange within the cryptocurrency market. This mechanism is crucial for maintaining trust and consistency in transactions, particularly in a market known for its volatility.

In addition to the oracle system, the overall stability and functionality of the Synthetix protocol contribute significantly to sUSD's price stability. The protocol employs a pooled collateral model, where Synthetix Network Tokens (SNX) are staked as collateral to mint sUSD, creating a robust backing for the stablecoin. This process not only secures the value of sUSD but also aligns it closely with the dynamics of the broader DeFi ecosystem. The demand for synthetic assets and the activity within the Synthetix platform can influence sUSD's liquidity and availability, indirectly impacting its stability and reliability. As the DeFi sector continues to evolve, the integration of sUSD across various platforms and its role in facilitating seamless, stable transactions further solidify its position and price stability in the rapidly growing world of blockchain and cryptocurrencies.

Trade SUSD perpetual futures

After having successfully signed up on Bitget and purchased USDT or SUSD tokens, you can start trading derivatives, including SUSD futures and margin trading to increase your income.

The current price of SUSD is $0.9958, with a 24h price change of -0.33%. Traders can profit by either going long or short onSUSD futures.

Join SUSD copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SUSD tokens, you can also start copy trading by following elite traders.

FAQ

What is the current price of sUSD?
We update our sUSD to USD price in real time. Get the live Price of sUSD on Bitget.
What is the 24 hour trading volume of sUSD?
Over the last 24 hours, the trading volume of sUSD is $995,873.92.
What is the all-time high of sUSD?
The all-time high of sUSD is $2.36. This all-time high is highest price for sUSD since it was launched.
Can I buy sUSD on Bitget?
Yes, sUSD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.
Can I get a steady income from investing in sUSD?
Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.
Where can I buy sUSD with the lowest fee?
We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
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Cryptocurrency investments, including buying sUSD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy sUSD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your sUSD purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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