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Urgent Warning: sUSD Stablecoin Plunges to $0.81 Amid Shocking SIP-420 Change

April 17, 2025 coinpulse_staff

Hold onto your hats, crypto enthusiasts! In a startling turn of events, sUSD, the stablecoin within the Synthetix ecosystem, has dramatically depegged from its intended $1 value. Imagine waking up to find your ‘stable’ asset suddenly worth significantly less – that’s the reality many are facing right now as sUSD trades at a concerning $0.8142. […]

Shocking sUSD Depeg: SIP-420 Governance Proposal Unveiled as Prime Suspect

April 11, 2025 coinpulse_staff

In the volatile world of cryptocurrency, stablecoins are often seen as anchors of stability, designed to maintain a steady value, usually pegged to the US dollar. However, recently, sUSD, a stablecoin within the Synthetix ecosystem, experienced a significant depeg, causing concern and discussion within the DeFi community. A new, insightful report from Parsec, a renowned […]