Synthetix

Global, April 2025: The synthetic U.S. dollar (sUSD) stablecoin is facing a severe depeg crisis, with its value collapsing to approximately $0.7215 according to major price aggregators. This represents a decline of over 25% from its intended $1.00 parity, marking the most significant and sustained depegging event in the stablecoin’s history and raising serious questions […]