Synnax Stablecoin(syUSD)
Market Cap$2.15m
Price-
Total Circulating2.15m
Stablecoin Information
syUSD is Synnax’s stablecoin, secured by overcollateralized assets and designed to maintain a soft peg to the U.S. dollar
Category:crypto-backed
Minting and RedemptionUsers mint syUSD by depositing assets into Synnax vaults, where collateral is utilized for market-making strategies. Redemption requires debt repayment
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | -2.00% | -40.09% | 2.15m |