Synth sUSD

What is SUSD and how Does It Work?

The sUSD is a synthetic representation of the USD that operates on the Synthetix Exchange. Its core purpose is to mimic the value of USD, with rates supplied by the oracle Chainlink. Synthetic assets like sUSD allow for interaction on the Synthetix Exchange without ownership of the physical asset. On this platform, synthetic assets are created using the Synthetix platform's inherent token, SNX, as a means of support. The goal of Synthetix is to incorporate traditional financial elements, like stocks and commodities, into the blockchain realm to enhance fluidity and broaden access to these instruments through the use of synthetic assets. Chainlink, along with other oracles, provide the pricing data for these synthetic assets. The platform relies on a decentralized approach to governance, enabling SNX token holders to influence platform decisions. Built on the Ethereum blockchain, Synthetix fosters a decentralized environment overseen by the platform's DAO, which is responsible for running operations and tasks related to governance. SNX tokens are pledged to create synthetic assets, and those who hold SNX tokens have opportunities associated with the tokens. The sUSD's presence on the Synthetix Exchange is beneficial for those engaging with a synthetic form of USD.

The Vision and Mission Behind SUSD

SUSD is a type of digital asset that is available through the Ethereum network, providing a facilitative role within the digital asset space, fostering operability between distinct platforms. Through this, its intention is to promote seamless transactions across platforms that engage in financial activities simultaneously. Alongside this, SUSD has a dual role, one of which entails supporting the interplay of digital and traditional economies. The function is focused on facilitating value transfers across different networks.

How to Buy and Store SUSD?

To purchase SUSD, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless SUSD transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. This also ensures that you have access to your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. So, whether you're a seasoned trader or new to the world of cryptocurrency, Flooz.xyz is the platform to buy SUSD with ease and security.

SUSD Metrics:

• Current price: $0.9783

• Market cap: $13.6 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $2.68 k