The Synthetix protocol stablecoin dropped to a new low this week, extending its month-long depegging trend.

Synthetix's sUSD stablecoin has crashed below $0.70 marking its worst depeg in years as collateral changes backfire.

Synthetix's sUSD stablecoin has fallen to $0.70, 30% below its dollar peg, following protocol changes that disrupted its market balance.

The Synthetix protocol's native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70. However, the firm reiterates that this isn't the first time the asset has been under significant stress, and several risk measures are in place.

TL;DR sUSD Depeg Crisis: Synthetix's stablecoin sUSD has plunged below $0.80 amid significant protocol changes that have unsettled investors and traders. Impact of SIP-420 Upgrade: The recent SIP-420 upgrade, aimed at enhancing capital efficiency, has flooded markets with excess sUSD, disrupting traditional peg defense strategies and triggering chaotic trading conditions.

Synthetix's algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko's price data, sUSD has dropped to $0.7924 as of Apr.

Synthetix's sUSD stablecoin de-pegs, trading at $0.8107.

A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix's stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420.

Synthetix's algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90.

Synthetix's stablecoin, sUSD, has plunged to a five-year low of $0.83, raising investor concerns about its stability.

What happens when a stablecoin isn't stable, and the founder's response is “no crying in the stablecoin casino”?

Synthetix's sUSD suffers second major depeg in a year, with founder Kain Warwick warning of volatility during peg mechanism transition.

TL;DR Synthetix's sUSD stablecoin briefly fell to $0.83, its lowest level in five years, sparking renewed concerns about its long-term stability. While it shares design similarities with Terra's failed UST, sUSD is backed by a $30 million treasury that could help mitigate extreme risks.

The Synthetix protocol's native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February.

Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.

Synthetix had another de-peg of its asset-backed sUSD token. The stablecoin slid to $0.83 due to the transitional period of minting from a new staking pool.

Centrifuge collaborates with Wormhole to enhance multichain asset tokenization, starting with Anemoy's $230M Janus Henderson Treasury Fund, aiming for seamless blockchain interoperability.


Centrifuge V3 aims to unify real-world asset tokenization across blockchains, and is starting with the $230 million Janus Henderson Anemoy Treasury Fund.

Wormhole (W) surged nearly 12% on Thursday after the project unveiled its official product roadmap. The project's one-year anniversary has sparked speculative interviews.

Wormhole ($W), a leading interoperability protocol with a multichain-native token, has emerged as one of the best-performing altcoins despite challenging market conditions. The token has surged by over 12% in the past 24 hours, breaking out from a prolonged downtrend that led to a historic low on April 2.

Several key headlines are on the crypto lineup this week, with certain ecosystem-specific developments expected to happen. This week's top crypto news could drive volatility for some tokens.

In a thread on X this morning, Synthetix founder Kain Warwick offered a stark look into the inner workings of crypto market makers (MMs) and their evolution over the years.

The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours. Wormhole (W) has jumped 41.

Wormhole Settlement offers fast, scalable cross-chain asset transfers using intent-based protocols, enhancing speed, redundancy, and composability for blockchain users and institutions.

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Wormhole introduces a new suite of intents-based protocols for fast, institutional-scale digital asset transfers across multiple blockchains, enhancing redundancy, composability, and cost-efficiency.

Wormhole integrates with Unichain, facilitating seamless asset transfers across blockchains. This partnership enhances DeFi liquidity and offers developers efficient cross-chain solutions.

Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, allowing users to create and trade synthetic assets. These assets mirror the value of real-world assets such as commodities, currencies, and stocks.

Wormhole announces the deprecation of support for several blockchain networks by summer 2025, impacting Terra, Oasis, Acala, and others, while transitioning some Cosmos chains to community support.

Securitize's collaboration with Wormhole hands asset managers the freedom to shape offerings for any supported blockchain.

Securitize, a real-world asset tokenization platform partnered with BlackRock and Hamilton Lane, has announced its integration with the interoperability protocol Wormhole. Integrating Wormhole (W) as its primary interoperability solution, Securitize can now offer cross-chain support for its users.

Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize's platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism's OP Mainnet, and Polygon.

Donald Trump's inauguration as the 47th U.S. president is expected to usher in a new era for cryptocurrencies, according to Wormhole Foundation general counsel Cathy Yoon. Trump officially takes office on Jan.

Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

FEG token exploit allowed a hacker to steal over $1 million across multiple chains, leaving holders down 99%.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.

Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.

Wormhole extends support for Circle's Cross-Chain Transfer Protocol, enabling seamless USDC transfers across major blockchains with enhanced liquidity and developer integration.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

PayPal USD (PYUSD) will now facilitate cross-chain transfers between Ethereum and Solana through Wormhole, enhancing stablecoin transactions and interoperability.

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