The Block • Dec 09, 24
Total stablecoin market cap tops $200 billion as onchain lending yields surge
The total stablecoin market cap has reached a record high, surpassing $200 billion as onchain lending yields surge.
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sUSD (SUSD) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
sUSD Price (SUSD)
Market stats
sUSD is on the decline this week. ↘
The price of sUSD has increased by 0.38% in the last hour and decreased by 5.14% in the past 24 hours. sUSD’s price has also fallen by 8.73% in the past week. The current price is $0.81 per SUSD with a 24-hour trading volume of $541.97K. Currently, sUSD is valued at 65.44% below its all time high of $2.36. This all-time high was the highest price paid for sUSD since its launch.
The current circulating supply of sUSD is 31,590,073.246 SUSD which means that sUSD has as total market cap of $26,088,270.32.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$26,088,270.32
Circulating
$31,590,073.25
Max Supply
$142,399,574.00
Price & Volume changes
Volume (24h)
$541,969.86
↗ 310.4%
Volume (30D)
$16,126,209.82
Volume (7D)
$3,048,932.90
Benchmarks
All time high
$2.36
↘ 22.74%
Performance (1Y)
↘ 18.1%
Vs. Market (1Y)
↘ 30.66%
Vs. BTC (1Y)
↘ 40.93%
Vs. ETH (1Y)
↗ 52.69%
Diluted valuation
$17,158,503.00
FDV
$117,598,922.65
About sUSD
sUSD (SUSD) is a cryptocurrency and operates on the Ethereum platform. sUSD has a current supply of 31,325,831.67094567. The last known price of sUSD is 0.86619923 USD and is down -3.28 over the last 24 hours. It is currently trading on 226 active market(s) with $330,209.58 traded over the last 24 hours. More information can be found at
Additional info about sUSD
Networks and tags
Ethereum:;
0x57Ab1ec28D129707052df4dF418D58a2D46d5f51
Optimism:;
0x8c6f28f2F1A3C87F0f938b96d27520d9751ec8d9
Fantom:;
0x0E1694483eBB3b74d3054E383840C6cf011e518e
Arbitrum:;
0xA970AF1a584579B618be4d69aD6F73459D112F95
store-of-value
defi
stablecoin
algorithmic-stablecoin
synthetics
usd-stablecoin
FAQ
Synthetix (sUSD) is a protocol that issues and trades synthetic assets called Synths on the Ethereum network. Synths are the assets produced against the value of crypto assets that are staked as collateral.
In simpler terms, Synthetix platform aims to allow users to trade, borrow, or stake various crypto assets, commodities, and equities by creating these synthetic assets tied to the price of real-world assets. These synthetic assets create digital stablecoins in the same way as United States Dollar Coin, and Synthetix also has its own stablecoin called sUSD, a synthetic for traditional currency USD.
Further, sUSD aims to balance the supply and demand of the coin to indicate the price of the underlying asset getting pegged to, like for sUSD, the platform would monitor US dollar. Apart from cryptocurrencies, Synthetix also seeks to consist of synthetics of several non-crypto assets like oil, EUR, USD, Amazon, Tesla, gold, silver, and Netflix, all based on blockchain technology.
Synthetix Network Token (SNX) is the native ERC-20 token of the Synthetix platform, used to collateralize synthetic assets after being locked in a smart contract to issue synthetic assets. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
The following platforms seek to use the Synthetix ecosystem:
Kain Warwick founded Synthetix as a project called Havven, and the project introduced a stablecoin on June 11, 2018, known as nUSD. In December 2018, the Havven project was renamed Synthetix, a platform that represents more than 20 synthetic assets that further define traditional currencies, commodities like gold and silver, and crypto-assets.
We update our sUSD to USD currency in real-time. Get the live price of sUSD on Coinbase.
The current market cap of sUSD is $26.09M. A high market cap implies that the asset is highly valued by the market.
The all-time high of sUSD is $2.36. This all-time high is highest price paid for sUSD since it was launched.
Over the last 24 hours, the trading volume of sUSD is $541.97K.
Assets that have a similar market cap to sUSD include AhaToken, Hooked Protocol, WHY, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of sUSD is 32 million.
sUSD Price History
Date | Price | Change |
|---|---|---|
Today (April 16, 2025) | $0.81 | -5.14% |
24 hours ago (April 15, 2025) | $0.86 | -5.14% |
1 week ago (April 9, 2025) | $0.89 | -8.73% |
1 month ago (March 16, 2025) | $0.99 | -17.83% |
1 year ago | $0.99 | -18.10% |
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Reading List
The Defiant • Sep 23, 24
Stablecoins Challenge Fiat in Eastern Asia, Hong Kong Leads with 40% Crypto Value
Stablecoins and cryptocurrencies are gaining significant traction in Eastern Asia, challenging the dominance of traditional fiat currencies
Read more
The Defiant • Aug 26, 24
Stablecoin Market Cap, Excluding Algorithmic, Hits Record $168 Billion
The stablecoin market cap, excluding algorithmic stablecoins, has reached a new all-time high of $168 billion, surpassing the previous record set in early 2022
Read more
Synthetix Team • Aug 03, 22
Synthetix Integrates Socket for Easy Bridging
Synthetix is excited to work with Socket Tech / Bungee to allow users to quickly bridge assets to and from Optimistic Ethereum. Not only does this allow users to utilize the sUSD bridge to/from Optimism, but it also allows Synthetix to onboard users more efficiently across all of DeFi.Bridging
Read more
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