On August 9th, Synthetix founder Kain released the latest progress on the issue of sUSD de-anchoring. The current price of sUSD is $0.990619, and it is about to resume anchoring. Although this period is very cruel, with the launch of mainnet pre-storage activities, sUSD will eventually return to normal.
Previously, on April 18, the Synthetix stablecoin sUSD de-anchoring intensified to $0.7. Synthetix then announced an emergency solution, and the USD 420 pool will be launched and incentivized. SNX collateral holders of the 420 pool can deposit sUSD to receive a reward share of 5 million SNX in 12 months. The deposited sUSD will be locked for one year and can be fully withdrawn after the event.
Synthetix founder releases latest progress on sUSD de-anchoring: Mainnet pre-storage activity will finally bring it back to anchor
2025-08-09 12:12:45
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