sUSD continues to trade below its peg, currently priced at $0.906

Blockbeats
10 Apr

BlockBeats News, April 10th, according to market data, sUSD continues to suffer from depegging, with the lowest price touching $0.869 and is currently trading at $0.906.

In previous news, Synthetix founder Kain mentioned that the sUSD peg repair mechanism is in transition. They have sold 90% of their ETH holdings and increased their SNX position.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10