Staked USD Coin
SUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SUSD (Staked USD Coin / Synthetix sUSD) faces severe identity ambiguity, weak fundamentals, and critical project status concerns. The Active Development section was scored as insufficient data (-1.0) due to formal decommissioning steps under SIP-423 in June 2026, and its weight was redistributed across the remaining categories. The token suffers from persistent depegging (with Synthetix sUSD dropping below $0.70 in February 2026 and the BSC contract showing ongoing discounts), negligible liquidity, an undocumented use case on BNB Smart Chain, and no direct verifiable audits for the wrapper contract. Under the deprecated token rule, the formal approval of SIP-423 to decommission the stablecoin warrants an Avoid recommendation.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Staked USD Coin (SUSD)
Staked USD Coin (SUSD) is a stablecoin token on BNB Smart Chain that is subject to material identity ambiguity with Synthetix's sUSD, a stablecoin formally approved for decommissioning under SIP-423 in June 2026 following severe peg instability. On BNB Smart Chain, Staked USD Coin is structured as a wrapped, debt-based token with a circulating supply of approximately 5.11 million tokens and a market capitalization of around $5 million.
The token's underlying mechanism and specific use cases remain undocumented in public records, with an absence of verified official websites, public reserve attestations, or dedicated community and governance channels. Staked USD Coin operates in a competitive stablecoin sector alongside major fiat-backed and yield-bearing stablecoins, maintaining low liquidity and daily trading volumes typically between $2,000 and $20,000.
SUSD has faced persistent pricing discounts on BNB Smart Chain, trading between $0.9798 and $0.9959 rather than holding a strict $1.00 peg. In broader evaluation context related to Synthetix's sUSD, the stablecoin suffered a severe depeg below $0.70 in February 2026, which led to a debt jubilee, staking requirement adjustments, and the subsequent decommissioning vote. Additionally, the SUSD wrapper contract on BNB Smart Chain lacks verified third-party security audits. While an adjacent protocol exploit occurred in February 2021 when Alpha Homora V2 lost approximately $38 million due to internal debt-accounting manipulation involving an sUSD pool, no direct exploits or regulatory enforcement actions have been identified against the SUSD token contract itself.