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sUSD struggles to regain $1 peg as Synthetix deploys recovery measures post SIP-420

Darya Nassedkina
April 11, 2025
susd-struggles-to-regain-$1-peg-as-synthetix-deploys-recovery-measures-post-sip-420
sUSD struggles to regain $1 peg as Synthetix deploys recovery measures post SIP-420
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Synthetix’s algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90. The depeging began in March, with sUSD briefly slipping below $1, but the situation worsened after the implementation of SIP-420—a governance proposal aimed at…

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