sUSD (SUSD) is a cryptocurrency that operates on the Ethereum platform.

What are the technical characteristics of sUSD?

sUSD is an asset-backed stablecoin categorized under stablecoins and synthetic protocols.

What are the risks associated with transferring sUSD?

Users should verify the contract address and network before transferring assets and understand that transfers may be irreversible.

Where can I find official resources for sUSD?

Official resources for sUSD can be found on the Synthetix website and GitHub repository.

sUSD (SUSD)

Rank #584

Market snapshot

Price: $0.51512
Market cap: $22.5M
24h volume: $22,585.95
Circulating supply: 43,600,114.2826
Total supply: 43,600,114.2826
Max supply: 142,399,574

What is sUSD?

sUSD (SUSD) is a cryptocurrency designed to maintain a stable value by being pegged to the US dollar. It operates primarily on the Ethereum blockchain, allowing users to engage in decentralized finance (DeFi) applications and transactions within the Synthetix ecosystem.

Key information

Symbol: SUSD
CMC rank: #584
Network / platforms: Ethereum, Fantom, Optimism
Categories: Store of value
Date added: Jul 13, 2018

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Ethereum
0x57Ab1ec28D129707052df4dF418D58a2D46d5f51
Fantom
0x0E1694483eBB3b74d3054E383840C6cf011e518e
Optimism
0x8c6f28f2f1a3c87f0f938b96d27520d9751ec8d9

Key characteristics

sUSD is an asset-backed stablecoin, meaning its value is supported by underlying assets. It is categorized as a stablecoin and is utilized within the Synthetix protocol, which is a decentralized perpetual futures platform built on Ethereum. This structure allows for trading and governance through on-chain voting mechanisms.

Documented uses

sUSD serves as the native utility and governance asset of the Synthetix ecosystem, enabling users to trade synthetic assets and participate in the governance of the protocol.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is sUSD?: sUSD (SUSD) is a cryptocurrency that operates on the Ethereum platform.
What are the technical characteristics of sUSD?: sUSD is an asset-backed stablecoin categorized under stablecoins and synthetic protocols.
What are the risks associated with transferring sUSD?: Users should verify the contract address and network before transferring assets and understand that transfers may be irreversible.
How can I verify the acquisition of sUSD?: Verify the asset name, network, and any supplied contract details before transferring.
Where can I find official resources for sUSD?: Official resources for sUSD can be found on the Synthetix website and GitHub repository.
What are the documented use cases for sUSD?: sUSD serves as the native utility and governance asset of the Synthetix ecosystem.

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