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Synthetix founder: sUSD has gradually recovered its anchor and is optimistically expected to fully return to the anchor by the end of the month
7hours ago

According to Odaily Planet Daily, Synthetix founder Kain posted an image of the sUSD price recovery on the X platform, saying: "(The price) is almost back. This period has been difficult, but I am optimistic that it should fully return to the anchor by the end of the month, when the mainnet pre-deposit activity will be launched, and finally get us back on track." Previously, sUSD was de-anchored due to Synthetix's introduction of a shared debt pool mechanism in SIP-420, and fell to a low of $0.73.