由Synthetix發行的分散的Stablecoin $ SUSD正在經歷迅速增長的危險危機。

在有關下降的情況下，令牌現在為0.8030美元，在過去24小時內降低了5％的降低5％。

"DeFi is now a sea of acronyms, tokens, and protocols, which can be overwhelming at times. But every now and then, an acronym emerges that truly captures the essence of a pressing issue in the crypto sphere. Today, we're focusing on sUSD, the decentralized stablecoin issued by Synthetix."

“ Defi現在是縮寫詞，代幣和協議的海洋，有時可能會令人不知所措。但是，有時會出現一個縮寫詞，真正捕捉了加密領域中緊迫問題的本質。今天，我們專注於Susd，Synthetix發出的分散的Stablecoin。”

"After a concerning drop yesterday, the token has slid further, reaching $0.8030 at the time of writing. This continues the downward trend that began mid-March 2025, when sUSD started to diverge noticeably from its intended $1 value."

“在昨天下降後，令牌進一步滑倒，在撰寫本文時達到了0.8030美元。這持續了2025年3月中旬開始的下降趨勢，當時Susd開始明顯地與其預期的1美元價值分歧。”

"The token is quickly approaching a market capitalization of $25.46 million, which in U.S. dollar terms yesterday was $0.9321. This depegging has traders and investors worried, as stablecoins like sUSD are meant to maintain a 1:1 peg with the U.S. dollar. So what gives? Why is this happening? And, you know, what’s next?"

“代幣正在迅速接近2546萬美元的市值，昨天以美元計算的價格為0.9321美元。這種腳步的人讓貿易商和投資者擔心，因為像Susd這樣的穩定​​者旨在與美元保持1：1 PEG，這是什麼。那麼，這是什麼？

"sUSD is a decentralized stablecoin that is designed to track the value of the U.S. dollar and maintain a stable 1:1 peg with that currency. It is made using the synthetic asset mechanism of the Synthetix platform, where users put up SNX or other assets as collateral in order to mint the stablecoin. Generally, a stablecoin like sUSD should stay quite close to its peg, something which seems to be happening with it as of late."

“ SUSD是一個分散的穩定穩定性，旨在跟踪美元的價值並保持穩定的1：1釘與該貨幣。它是使用Synthetix平台的合成資產機制來製作的，用戶將SNX或其他資產作為替代的穩定性，這是一個很近的東西。 晚的。”

"However, beginning in mid-March 2025, sUSD started to move noticeably away from its $1 familiar value. On April 9, 2025, the value of the stablecoin had plummeted to approximately $0.8388, signaling a dip of over 16% from where it was theoretically supposed to be. This steep decline was concerning and, after 20 days of dropping and not recovering, seemed to be trending steadily downward."

“但是，從2025年3月中旬開始，Susd開始明顯遠離其1美元的熟悉價值。2025年4月9日，Stablecoin的價值跌至約0.8388美元，這表明跌幅超過16％，從理論上講，這一急劇下降的地方是跌落的地方。

"The value of sUSD keeps decreasing and fell as low as $0.8030, which has a lot of people second-guessing the Synthetix protocol and its synthetic asset mechanism’s current state of stability. Unstable stablecoins create a ripple effect across DeFi, and with that, the sUSD’s trustworthiness is being called into question — both as a medium of exchange and a store of value."

"The value of sUSD keeps decreasing and fell as low as $0.8030, which has a lot of people second-guessing the Synthetix protocol and its synthetic asset mechanism's current state of stability. Unstable stablecoins create a ripple effect across DeFi, and with that, the sUSD's trustworthiness is being called into question — both as a medium of exchange and a store of value."

"The ongoing depegging crisis for sUSD has many facets to it. Kain Warwick, founder of Synthetix, recently spoke about the situation and said that the adjustment mechanism supporting sUSD is going through growing pains—the kind you would expect from a platform attempting to make a significant change. Stablecoins are supposed to be stable, but Warwick’s comments indicate that Synthetix’s is anything but."

“ Susd持續不斷的危機有很多方面。Synthetix的創始人Kain Warwick最近談到了這種情況，並說支持SUSD的調整機制正在經歷越來越大的痛苦，您期望從一個試圖做出重大變化的平台中，這是穩定的。

"Specifically, market fluctuations appear to be linked to wider changes in the collateral backing of sUSD. Warwick disclosed that Synthetix had divested 90% of its ETH position and augmented its SNX holdings. This tweak in the protocol’s collateral composition is probably having some unanticipated effects, since it could lead investors to reassess just how stable sUSD now is with so much less Ether backing it."

“具體而言，市場波動似乎與蘇迪德（Susd. Warwick）的抵押品背景的更大變化有關。沃里克（Warwick）透露，Synthetix剝離了其ETH地位的90％，並增強了其SNX持有量。該協議的抵押品組合中的這一調整可能會帶來一些不受歡迎的效果，因為它可能會帶來一些穩定的穩定效果，這是如此穩定，現在很穩定，現在很穩定，這是如此穩定。

"Simultaneously, the wider crypto world has been seen a lot of volatility in recent times, which seems to be adding to the concerns around sUSD. As the value of big-name tokens like Ethereum and Bitcoin swing in their own directions, the assets that back sUSD don’t seem to be having their best day either. And that’s causing sUSD to drift even further from its intended 1:1 peg with the U.S. dollar."

“同時，近來已經看到了更廣泛的加密世界，這似乎加劇了周圍的關注點。因為以太坊和比特幣（例如以太坊和比特幣）的價值在自己的方向上擺動，Susd的資產似乎並不是造成他們最美好的一天。這是造成他們最好的一天。

"It is interesting to note that, even though sUSD has been losing its peg, its collateral token, SNX, has been gaining in value. In the last 24 hours, SNX shot up 7.5%, which is a significant contrast to the trend that sUSD is on right now. So, what’s happening here? Why is the market so conflicted about these two tokens?"

“有趣的是，即使Susd一直失去了釘子，其抵押令牌SNX的價值一直在價值。在過去的24小時中，SNX猛增了7.5％，這與Susd現在的趨勢是一個很大的對比。那麼，這裡發生了什麼？為什麼在這裡發生了什麼？為什麼對這兩個貴族造成了矛盾？”

"Clearly, the market is assuming that even if sUSD is going to have problems in the short term, this won’t affect the Synthetix protocol or its governance mechanisms. It is also worth out that the uptick in SNX’s value could be correlated with the latest changes made by the Synthetix team. The change in platform collateral strategy, along with an augmented holding of SNX, could be perceived as a good, positive move for the token."

“很明顯，市場假設即使在短期內遇到問題，這也不會影響Synthetix協議或其治理機制。值得一提的是，SNX價值的最大增值與Synthetix團隊所做的最新變化相關。

"Yet, the lack of stability in sUSD is casting a pall over investor confidence and the outlook for SNX, since the Synthetix ecosystem as a whole and the stablecoin are integral to the working-out of SNX’s success. As problems with sUSD keep escalating, the Synthetix team is under ever-growing pressure to solve the fundamental problems causing it."

“然而，SUSD缺乏穩定性正在對投資者的信心和SNX的前景投入災難，因為Synthetix生態系統整體和Stablecoin和STableCoin對SNX成功的鍛煉而言是不可或缺的。隨著SUSD的問題不斷升級，Synthetix團隊的越來越多，Synthetix的越來越大，無法解決基本問題。”

"It was recently stated by Warwick

“最近由沃里克說