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Synthetix’s sUSD stablecoin temporarily lost its peg, dropping to $0.85 due to a system transition. The team is deploying incentives and new tools to restore stability and boost participation.
- sUSD depegged to $0.85 due to Synthetix’s V3 transition disrupting its debt balancing mechanism.
- Synthetix introduced a six-week incentive program on Infinex to boost sUSD demand and restore its peg.
- Despite sUSD’s instability, SNX’s price rose 4.59%, signaling investor confidence in the project.
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