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Home»Reddit»Upbit’s sUSD stablecoin no longer stable
Reddit

Upbit’s sUSD stablecoin no longer stable

April 30, 2025No Comments1 Min Read
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Upbit's susd stablecoin no longer stable
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Using google translate,

Synthetix (SNX) can be used as collateral for the sUSD stablecoin, which is an over-collateralized stablecoin that is a digital asset pegged to the value of 1 dollar. Recently, it has been determined that the value of sUSD is not properly pegged to 1 dollar. Upbit has been monitoring the price trend of the sUSD stablecoin and has determined that the situation of not being properly pegged to 1 dollar has not been resolved and that the value of the pegged SNX may fluctuate rapidly, causing unexpected damage to investors.



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