Synthetix’s sUSD Faces Significant Depeg Amid SIP 420 Transition: Is This the Start of a Death Spiral?
Synthetix’s stablecoin, sUSD, has dipped yet again—this time by 4.6%—in just the last 24 hours, and is now sitting at a value of $0.916. With this new significant drop, sUSD is now pegged over 8...