The Synthetix stablecoin sUSD has decoupled by over 8% in the past 24 hours
Odaily Planet Daily reports that the Synthetix stablecoin sUSD has continued to fall by 4.6% in the last 24 hours, reaching $0.916, and is now more than 8% off its peg. The asset ratio of the DAI-USDC-USDT-sUSD Pool on Curve is severely skewed, with sUSD accounting for 75.21%. Users are selling their sUSD through Curve to exchange it for other stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Freeman Gold announces annual shareholder meeting
Televisa says no financial change behind unusual move in TLEVISA CPOs
Rig Tenders Indonesia says unaware of material information behind share volatility