Synthetix launches sUSD repurchase program with daily maximum limit of 1 million USD
2025-05-17 10:30:41
According to official news, Synthetix announced the launch of the sUSD market repurchase program with a daily maximum limit of $1 million in response to the recent sUSD price drop to $0.93. The program will be carried out through open market operations to support market forces and restore the anchoring of sUSD to the US dollar. Previously, Synthetix has launched a number of measures, including the Infinex incentive campaign and the sUSD staking program of 420 Pool, which currently has an annualized return of 72% and requires participants to maintain a 10% sUSD staking ratio. These measures have initially stabilized the sUSD price.
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