sUSD (SUSD) is not tradable on Coinbase.
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sUSD Price (SUSD)
Market stats
sUSD is on the rise this week. ↗
The price of sUSD has increased by 0.26% in the last hour and decreased by 0.18% in the past 24 hours. sUSD’s price has also risen by 0.68% in the past week. The current price is $0.98 per SUSD with a 24-hour trading volume of $548.07K. Currently, sUSD is valued at 58.47% below its all time high of $2.36. This all-time high was the highest price paid for sUSD since its launch.
The current circulating supply of sUSD is 20,061,874.216 SUSD which means that sUSD has as total market cap of 20,061,874.216.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$19.7M
Volume (24h)
$548,065.62
Circulating
20.1M SUSD
All time high
$2.36
Price change
1 hour
↗ 0.26%
1 day
↘ 0.18%
1 week
↗ 0.68%
2 weeks
↗ 2.06%
1 month
↘ 0.23%
1 year
↘ 1.88%
1 year benchmarks
Performance
↘ 1.97%
Vs. Market
↘ 56.38%
Vs. BTC
↘ 64.01%
Vs. ETH
↘ 35.66%
About sUSD
FAQ
Synthetix (sUSD) is a protocol that issues and trades synthetic assets called Synths on the Ethereum network. Synths are the assets produced against the value of crypto assets that are staked as collateral.
In simpler terms, Synthetix platform aims to allow users to trade, borrow, or stake various crypto assets, commodities, and equities by creating these synthetic assets tied to the price of real-world assets. These synthetic assets create digital stablecoins in the same way as United States Dollar Coin, and Synthetix also has its own stablecoin called sUSD, a synthetic for traditional currency USD.
Further, sUSD aims to balance the supply and demand of the coin to indicate the price of the underlying asset getting pegged to, like for sUSD, the platform would monitor US dollar. Apart from cryptocurrencies, Synthetix also seeks to consist of synthetics of several non-crypto assets like oil, EUR, USD, Amazon, Tesla, gold, silver, and Netflix, all based on blockchain technology.
Synthetix Network Token (SNX) is the native ERC-20 token of the Synthetix platform, used to collateralize synthetic assets after being locked in a smart contract to issue synthetic assets. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
The following platforms seek to use the Synthetix ecosystem:
Kain Warwick founded Synthetix as a project called Havven, and the project introduced a stablecoin on June 11, 2018, known as nUSD. In December 2018, the Havven project was renamed Synthetix, a platform that represents more than 20 synthetic assets that further define traditional currencies, commodities like gold and silver, and crypto-assets.
We update our sUSD to USD currency in real-time. Get the live price of sUSD on Coinbase.
The current market cap of sUSD is $19.72M. A high market cap implies that the asset is highly valued by the market.
The all-time high of sUSD is $2.36. This all-time high is highest price paid for sUSD since it was launched.
Over the last 24 hours, the trading volume of sUSD is $548.07K.
Assets that have a similar market cap to sUSD include RACA, FONSmartChain, Bitgert, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of sUSD is 20 million.
sUSD Price History
Date | Price | Change |
|---|---|---|
Today (January 22, 2025) | $0.98 | -0.17% |
24 hours ago (January 21, 2025) | $0.98 | -0.18% |
1 week ago (January 15, 2025) | $0.97 | 0.68% |
1 month ago (December 22, 2024) | $0.98 | -0.23% |
1 year ago | $1.00 | -1.88% |
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