What is sUSD?
sUSD (SUSD) is a stablecoin currently ranked 548th by market capitalization across all crypto assets we track. Stablecoins are designed to track a target value (most often $1). They are the primary on-chain settlement layer for trading, lending, and remittance.
Market position
At the current price of $0.6772, sUSD carries a market capitalization of $29.89M. Daily trading volume across exchanges sits at roughly $20.84K. That works out to a 24-hour turnover of about 0.07% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.
Price action across timeframes
Over the past 24 hours, sUSD has moved -2.93%; over the past week, sUSD has moved ++1.77%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
sUSD is currently trading far below its all-time high (all-time high of $86,931, -100.0% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward.
Supply & dilution
The circulating supply stands at 44,134,221 SUSD. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts sUSD in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate sUSD
A balanced read on SUSD typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is SUSD performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
sUSD is a stablecoin pegged to the US dollar, designed to facilitate transactions and trading on the Synthetix platform. It aims to provide a stable, decentralized currency for various applications in the DeFi ecosystem. Source: CoinPaprika.com