Synthetix Stablecoin sUSD Depegging Worsens to $0.77
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April 17 news, according to market information, Synthetix USD stablecoin sUSD's depegging has worsened, with a daily drop of 9.9%, currently reporting at $0.77, and its market cap has fallen to $24.6 million. Previously, Synthetix founder Kain stated that the sUSD peg repair mechanism is in transition, with 90% of ETH sold and SNX positions increased.
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