sUSD (SUSD) Hits Market Cap of $41.74 Million

sUSD (SUSD) traded down 0.5% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on November 21st. sUSD has a total market capitalization of $41.74 million and $122.54 thousand worth of sUSD was traded on exchanges in the last 24 hours. One sUSD token can now be purchased for $0.96 or 0.00001164 BTC on cryptocurrency exchanges. During the last week, sUSD has traded down 0.9% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 9.8% against the dollar and now trades at $82,529.64 or 1.00247587 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

sUSD Profile

sUSD’s genesis date was June 11th, 2018. sUSD’s total supply is 43,547,842 tokens. sUSD’s official Twitter account is @synthetix_io and its Facebook page is accessible here. sUSD’s official website is www.synthetix.io. The official message board for sUSD is blog.synthetix.io. The Reddit community for sUSD is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here.

According to CryptoCompare, “sUSD is a stablecoin that scales while avoiding the risks of centralized off-chain assets will be a huge benefit for the entire trading ecosystem. It will provide fast interexchange settlement, stable trading against ERC-20 assets, and a safe place to park value without the need to settle into fiat. The network is built on the Ethereum blockchain and it employs two tokens, both of which are ERC20 compatible. The Havven network has been released as an open source protocol so that anyone can integrate with it, including exchanges and decentralized platforms.”

Buying and Selling sUSD

It is usually not possible to buy alternative cryptocurrencies such as sUSD directly using U.S. dollars. Investors seeking to trade sUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy sUSD using one of the aforementioned exchanges.

SUSD/USD price chart by TradingView