sUSD is an ERC‑20 stablecoin designed to mirror 1 USD through excessive SNX collateral and on‑chain oracles. Users mint, trade and redeem sUSD inside the Synthetix ecosystem or any compatible defi platform. Because control stays in smart contracts, sUSD remains borderless, composable and resistant to censorship.
Utility & Use Cases SUSD
Zero‑Slippage Synth Trading
sUSD acts as the base currency for swapping synthetic assets on Kwenta and other Synthetix front‑ends.
Staking Rewards
SNX holders mint sUSD, lock collateral and earn platform fees plus inflationary staking yield.
Curve Liquidity Farming
Provide sUSD to Curve’s stable pool to earn CRV, SNX and protocol fees with minimal impermanent loss.
Lending & Borrowing
Deposit sUSD on Aave V3 or Sonne to borrow ETH or other coins, or lend sUSD for steady interest.
Stable Payments
Send sUSD peer‑to‑peer or to merchants without banking rails, then swap to fiat when needed.
sUSD Technologies Overview
Over‑Collateralized Backing
Each sUSD is secured by >200 % SNX, insulating holders from under‑reserve risk.
sUSD works on Ethereum mainnet and Optimism, with cross‑chain debt synthesis slated next.
Low Gas Fees
Layer‑2 transfers cost pennies, enabling micro‑payments and high‑frequency trading.
Fast Finality
Optimistic rollups confirm sUSD moves in seconds while inheriting Ethereum security.
Funding
sUSD itself had no ICO; development was financed by Synthetix’s 2018 HAV/SNX token sale that raised roughly $30 million, providing long‑term treasury resources for audits, liquidity incentives and ongoing peg defense.
Roadmap
Complete Synthetix V3 Migration
Finalize modular pools and debt shares to streamline sUSD issuance and risk management.
Mainnet Perpetuals Launch
Deploy high‑throughput perps exchange on Ethereum L1, using sUSD as universal margin currency.
Cross‑Chain Debt Synthesis
Enable seamless sUSD mobility across Optimism, Arbitrum and future L2s without peg fragmentation.
sUSD Security & Audit Reports
sUSD contracts undergo continuous audits by Sigma Prime, OpenZeppelin and Iosiro, leverage Certora formal proofs and rely on multi‑sig‑guarded proxy upgrades. No critical contract exploit has ever jeopardized collateral or peg.
Any ERC‑20 wallet like MetaMask, Rainbow or Trust Wallet supports storing and sending sUSD.
Top Crypto Exchanges to Trade sUSD (SUSD)
#
Exchange
Pair
Price
24h Volume
1
Curve (Ethereum)
0XA0B86991.../0X57AB1EC2...
~$1.013
$225,909
2
Curve (Ethereum)
0XDAC17F95.../0X57AB1EC2...
~$1.012
$29,716
3
Sushiswap
0X57AB1EC2.../0XC02AAA39...
~$0.00031
$5,744.96
4
Uniswap V2 (Ethereum)
0X57AB1EC2.../0XC02AAA39...
~$0.00031
$2,964.72
5
Uniswap V2 (Ethereum)
0XCA120764.../0X57AB1EC2...
~$0.096
$4,176.17
6
Curve (Ethereum)
0XF939E0A0.../0X57AB1EC2...
~$1.012
$2,719.57
7
Curve (Ethereum)
0X6B175474.../0X57AB1EC2...
~$1.013
$1,905.53
8
Curve (Ethereum)
0X3175DF09.../0X57AB1EC2...
~$1.021
$5.02
9
Beethoven X (Optimism)
0X42000000.../0X8C6F28F2...
~$1.67
$7.08
10
Beethoven X (Optimism)
0X8700DAEC.../0X8C6F28F2...
~$1.64
$3.87
11
Beethoven X (Optimism)
0X8C6F28F2.../0X9E1028F5...
~$1.46
$0.37
12
Beethoven X (Optimism)
0X8C6F28F2.../0XFE8B128B...
~$0.35
$1.83
13
Beethoven X (Optimism)
0X50C57259.../0X8C6F28F2...
~$0.00094
$1.01
14
Beethoven X (Optimism)
0X7F5C764C.../0X8C6F28F2...
~$1.028
$0.026
15
ChangeNOW
SUSD/BTC
~$0.0000093
$13,443.34
sUSD
SUSD
Price
#1137
$0.96
-0.61%
Market Cap
Market capitalization of sUSD (SUSD) represents the total value of all circulating tokens. It is calculated by multiplying the current price of one token by the total number of tokens in circulation
$39,008,559
Fully Diluted Variation
Fully diluted valuation of sUSD (SUSD) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$39,008,559
24 Hour Trading Vol
24-hour trading volume shows the total amount of sUSD (SUSD) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$279,605
Circulating Supply
Circulating supply shows the number of sUSD (SUSD) tokens currently available and circulating in the market. This excludes locked, reserved, or unissued tokens that cannot be sold or traded
40,788,499.6
Total Supply
Total supply represents all sUSD (SUSD) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
40,788,499.6
Max Supply
Maximum supply indicates the absolute maximum number of sUSD (SUSD) tokens that will ever exist. This is a hard cap programmed into the token's protocol that cannot be exceeded, ensuring scarcity over time
