The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.

The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February. Prices continued to fluctuate through February before stabilizing in March.

On April 10, sUSD fell to a five-year low of $0.83, data-ct-non-breakable=”null” href=”https://www.coingecko.com/en/coins/susd” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/en/coins/susd”>according to data from CoinGecko.

SUSD is a crypto-collateralized stablecoin. Users lock up SNX tokens to mint sUSD,…

The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.

The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February. Prices continued to fluctuate through February before stabilizing in March.

On April 10, sUSD fell to a five-year low of $0.83, data-ct-non-breakable=”null” href=”https://www.coingecko.com/en/coins/susd” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/en/coins/susd”>according to data from CoinGecko.

SUSD is a crypto-collateralized stablecoin. Users lock up SNX tokens to mint sUSD,…