|All Time High:|
|Market Cap: |
|The price of #SUSD today is $1.01 USD.|
The lowest SUSD price for this period was $0, the highest was $1.01, and the exact current price of one SUSD crypto coin is $1.01345.
The all-time high SUSD coin price was $2.60.
Use our custom price calculator to see the hypothetical price of SUSD with market cap of BTC or other crypto coins.
|The code for sUSD is also #SUSD. |
sUSD is 3.8 years old.
|The current market capitalization for sUSD is $72,851,934.|
sUSD is ranking upwards to #250 out of all coins, by market cap (and other factors).
|The trading volume is big during the past 24 hours for #SUSD.|
Today's 24-hour trading volume across all exchanges for sUSD is $2,914,556.
|The circulating supply of SUSD is 71,885,259 coins, which is 100% of the total coin supply.|
|Note that there are multiple coins that share the code #SUSD, and you can view them on our SUSD disambiguation page.|
More sUSD (#SUSD) News
|Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)
The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow.
Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility. USTC (formerly UST) was among the largest stablecoins by market cap and the single largest stablecoin on the Cosmos blockchain.
This is not the first time an algorithmic stablecoin fell below the point of recovery. So much so that the head of the IMF even suggested that stablecoins that are not backed by physical assets are similar to pyramid schemes.
However, a crash as biblical as that of UST was a first for a stablecoin. While history seemed to have indicated this to be an obvious outcome, the utility of UST and the communities around LUNC-UST indicated otherwise.
The Death Spiral – Here’s What Went Wrong
Stablecoins are digital assets whose value is pegged to a fiat currency or other asset. USTC is one such stablecoin, pegged to the US dollar by not backed by it.
LUNC maintained USTC’s price algorithmically, using a mint and burn mechanism. When USTC’s demand-to-supply ratio was high, more LUNC was burnt. Contrariwise, more LUNC was minted when USTC’s supply-to-demand ratio was high. This created an arbitrage opportunity for traders which helped maintain USTC’s price at approximately $1.
However, when the selling pressure became too high for the algorithm to keep ...
|Thales Announces the Launch of Its New Referral Program
[PRESS RELEASE - Madrid, Spain, 7th June 2022]
Thales announces the launch of its new referral program
Thales, an innovative DeFi protocol dedicated to parimutuel markets, has announced the launch of its affiliate referral campaign.
The affiliate program will create on-chain incentives to gather new users, allowing them to earn by generating a referral link and sharing it with friends, traders, and potential buyers. The program is an excellent opportunity to benefit from others' trading volume while helping Thales expand its ecosystem with novel parimutuel markets, increased volume, and brand exposure.
Referral Program Details
By sharing their referral link, users will receive an equivalent of 50% of the trading fee (1% of total volume) from each trade the new user they onboarded executes.
Funds generated through the referral program are automatically deposited in users’ wallets in the form of sUSD, the stablecoin of the Synthetix ecosystem.
As a way to kick off the referral program and further gamify its protocol, Thales is distributing a total of 20,000 OP tokens among participants who make it to the top of the affiliate leaderboard. Thus, on top of a percentage of trades made by referrals, users will also have the chance to gain exposure to the OP token.
Named after a historical Greek philosopher, Thales is a multi-chain protocol that allows the creation of simple positioning markets. It was created originally on Ethereum and now operates on the Optimism...
|Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Mont...
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra's UST stablecoin grew the most last year, jumping 5,431% in 2021.
A Deep Dive Into Stablecoin Growth During the Course of 2021
Stablecoins today represent 9.77% of the $1.8 trillion crypto-economy today which is $177 billion in USD value. While many digital assets surged in growth last year, stablecoins also saw their market valuations swell as issuance grew month after month.
Tether (USDT) is the top stablecoin, in terms of market capitalization with $78.3 billion. USDT alone represents 4.32% of the entire crypto economy's $1.8 trillion and amid the $177 billion stablecoin economy, USDT towers over the pack by 44.24%.
On January 2, 2021, tether (USDT) had a market cap of around $21.2 billion and by January 2, 2022, this grew by 269.81% to $78.4 billion. Usd coin (USDC) once had a market cap of $4.1 billion on January 1, 2021, and approximately 12 months later it grew 936.58% to $42.5 billion.
The third-largest stablecoin binance usd (BUSD) had a market valuation of around $1.07 billion on the first of the year in 2021, and on the first day of 2022, it was $14.4 billion seeing a 1,245.79% increase.
Terra's UST stablecoin grew by 5,431.22% in 12 months from $182.6 million...
|Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw ...
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there's $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially.
12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth
Last year, numerous crypto assets touched all-time high (ATH) prices as current data highlights the crypto economy's significant growth in 2021. Moreover, fiat-pegged tokens, commonly referred to as stablecoins, have also seen massive growth as centralized custodians and decentralized protocols have issued billions of tokens since last year.
For instance, on January 11, 2021, tether's (USDT) market cap was $24.4 billion and it has grown 221.31% since last year. Usd coin (USDC), the second-largest stablecoin asset in terms of market valuation, had a market cap of $4.4 billion on the same day last year. Today, USDC's market cap is $43.9 billion, which is an increase of 897.72%.
The stablecoin issued by Binance (BUSD) only had a $1 billion market cap a year ago and now it's $14 billion, increasing 1,300% this past year. Terra's stablecoin UST had a market valuation of $138 million on January 11, 2021, and today the market cap is $10.5 billion.
Over the Last Year, Fiat-Pegged Token Market Caps Jumped Higher Than Most Crypto Gains
Makerdao's DAI token went from $1.3 billion to today's $9 billion as it grew 592.30% over the last year. MIM, othe...