Synthetix protocol's native stablecoin Synthetix USD (sUSD) has fallen to its lowest value in five years, and the struggle to maintain its $1 peg continues. Since the beginning of 2025, sUSD has experienced volatility, dropping to $0.96 in January and recovering to $0.99 at the beginning of February. However, it declined to $0.83 in April. The stability of sUSD is tied to the market value of SNX tokens. Rob Schmitt, co-founder of the risk tokenization platform Cork Protocol, noted that sUSD carries a "death spiral" risk similar to TerraUSD. We await your comments: What will be the future of sUSD?
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