According to PANews, data from Coingecko reveals that the stablecoin sUSD, minted by the Synthetix ecosystem, experienced a decoupling to around $0.925 earlier today. However, it has since recovered to $0.956.
Chaos Labs analysis suggests that this decoupling occurred due to large sBTC/wBTC liquidity providers withdrawing. They used Synthetix's spot synthesis to redeem and obtain sUSD, which was then sold in the relevant Curve pool.
