sUSD Reaches Market Cap of $20.77 Million (SUSD)

sUSD (SUSD) traded 7.5% lower against the US dollar during the 1-day period ending at 8:00 AM Eastern on August 20th. Over the last seven days, sUSD has traded 1.6% lower against the US dollar. sUSD has a total market capitalization of $20.77 million and $93.97 worth of sUSD was traded on exchanges in the last day. One sUSD token can now be purchased for approximately $0.48 or 0.00000666 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• UZDT (UZDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00001387 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 11.7% higher against the dollar and now trades at $71,866.79 or 1.00469104 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

sUSD Token Profile

sUSD’s launch date was June 11th, 2018. sUSD’s total supply is 43,600,114 tokens. sUSD’s official website is www.synthetix.io. sUSD’s official Twitter account is @synthetix_io and its Facebook page is accessible here. The official message board for sUSD is blog.synthetix.io. The Reddit community for sUSD is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here.

According to CryptoCompare, “sUSD is a stablecoin that scales while avoiding the risks of centralized off-chain assets will be a huge benefit for the entire trading ecosystem. It will provide fast interexchange settlement, stable trading against ERC-20 assets, and a safe place to park value without the need to settle into fiat. The network is built on the Ethereum blockchain and it employs two tokens, both of which are ERC20 compatible. The Havven network has been released as an open source protocol so that anyone can integrate with it, including exchanges and decentralized platforms. Discord, GitHub, Reddit”

Buying and Selling sUSD

It is usually not possible to purchase alternative cryptocurrencies such as sUSD directly using US dollars. Investors seeking to trade sUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase sUSD using one of the aforementioned exchanges.

SUSD/USD price chart by TradingView