Synthetix Founder Urges SNX Stakers to Stabilize sUSD Peg Amidst Market Volatility
Synthetix, a decentralized finance (DeFi) protocol, is facing challenges with its stablecoin, sUSD, which has experienced instability and deviations from its intended 1:1 peg with the US dollar since the beginning of 2025. On April 18, sUSD fell to $0.68, a 31% decline from its dollar peg. In reaction, Synthetix...
