sUSD Reaches Market Capitalization of $49.56 Million (SUSD)

sUSD (SUSD) traded down 0.2% against the US dollar during the 1 day period ending at 17:00 PM ET on May 6th. In the last seven days, sUSD has traded 0.3% lower against the US dollar. sUSD has a market capitalization of $49.56 million and approximately $1.02 million worth of sUSD was traded on exchanges in the last 24 hours. One sUSD token can now be purchased for $0.99 or 0.00001563 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 0.1% lower against the dollar and now trades at $0.30 or 0.00000476 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.5% lower against the dollar and now trades at $0.0098 or 0.00000016 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

sUSD Token Profile

sUSD’s launch date was June 11th, 2018. sUSD’s total supply is 49,975,017 tokens. sUSD’s official website is www.synthetix.io. sUSD’s official message board 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. sUSD’s official Twitter account is @synthetix_io and its Facebook page is accessible here.

According to CryptoCompare, “sUSD is a stablecoin built on the Ethereum blockchain that enables fast interexchange settlement, stable trading against ERC-20 assets, and a safe place to park value without needing to settle into fiat. The Havven network, which sUSD is a part of, is an open source protocol that allows for integration with various exchanges and decentralized platforms. It employs two ERC20 compatible tokens.”

Buying and Selling sUSD

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

SUSD/USD price chart by TradingView