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sUSD once decoupled from the anchor to around 0.925 in the early morning of today, and has now rebounded to 0.956 US dollars

2024-05-17 03:19
Odaily News Coingecko data shows that the stablecoin sUSD minted by staking SNX in the Synthetix ecosystem was depegged to around 0.925 this morning, and has now rebounded to 0.956 US dollars. Chaos Labs analysis shows that the reason for the depegging may be that large sBTC/wBTC liquidity providers suddenly withdrew liquidity, used Synthetix's spot synthetic redemption to obtain sUSD, and sold sUSD in the relevant Curve pool.