sUSD
SUSD
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
sUSD is the native stablecoin of the Synthetix protocol, benefiting from its robust development, experienced team, and mature decentralized governance. Its primary utility is strong but highly specialized, serving as the core medium of exchange within the Synthetix ecosystem. However, this deep integration creates significant systemic risks, as its stability is entirely dependent on the SNX collateral and the parent protocol's security. A recent, severe de-pegging event has critically eroded community trust and exposed the token's vulnerability to market volatility and protocol-specific issues. While fundamentally well-designed, the demonstrated risk to its core function—maintaining its peg—is a major concern.
Detailed Analysis by Category
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 sUSD (SUSD)
sUSD (SUSD)
sUSD is a decentralized, collateral-backed stablecoin pegged 1:1 to the US Dollar. It is an ERC-20 token issued by the Synthetix Protocol, enabling users to gain synthetic USD exposure within the DeFi ecosystem without holding fiat currency.
Key Features
- Collateralized by SNX staking: Over-collateralized by Synthetix Network Token (SNX) to maintain price stability
- Synthetic USD exposure: Used for trading, lending, and liquidity provision across DeFi platforms
- Seamless DeFi integration: Supported on major decentralized exchanges, lending protocols, and yield farms
- Cross-chain availability: Deployed on Ethereum Mainnet, Optimistic Ethereum, and Arbitrum
Token Specifications
- Token Name: sUSD
- Symbol: SUSD
- Standard: ERC-20
Common Use Cases
- Trading synthetic assets on the Synthetix Exchange
- Providing liquidity in DeFi pools and Curve Finance
- Serving as collateral for other synthetic derivatives
Discover how sUSD powers decentralized USD liquidity and synthetic asset trading within the Synthetix ecosystem.
Similar Rated Tokens
More for DeFi Investors
- Yield Farming Analysis: Discover the best tools and strategies for maximizing your returns from yield farming in DeFi.
- AI vs Fundamentals: See how Token Vitals combines AI crypto price prediction with fundamental analysis for a balanced investment perspective.
- Risk Scores Explained: Learn how our crypto risk scores differ from traditional credit scores and what that means for your portfolio.
- On-Chain Metrics: Understand which on-chain metrics matter most when investing in tokens and how to use them effectively.
- US Investor Analytics: Access crypto analytics designed for US investors, including features to help with tax tracking and compliance.
- Finding Value: Explore our data-driven lists to uncover top undervalued DeFi tokens for 2025 and beyond.