Synthetix ecological stablecoin sUSD has expanded its anchoring degree to more than 10%, and is now at $0.8946

PANews reported on April 10 that the stablecoin sUSD, the Synthetix ecosystem, has continued to dean anchor recently, and the degree of dean anchor has now expanded to more than 10%, and sUSD is now at $0.8946. The market value of sUSD stablecoin is currently about US$27 million.

Synthetix founder Kain Warwick once tweeted on April 2 to respond to users’ concerns about the deaning of sUSD stablecoin, saying that “Synthetix has not declined” and explained the sUSD fluctuation background by reviewing the history of stablecoin. He pointed out that sUSD does fluctuate more than USDT and DAI, but its design mechanism is different, which is still normal. He also reviewed the evolution of stablecoins since the birth of USDT, bitUSD and Nubits in 2014, emphasizing that even centralized stablecoins such as USDC have significantly deaned.