Synthetix’s sUSD stablecoin falls below $0.8 despite peg recovery measures

Posted On April 17, 2025

Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko’s price data, sUSD has dropped to $0.7924 as of Apr. 17, down more than 8% in the past 24 hours.…