由Synthetix发行的分散的Stablecoin $ SUSD正在经历迅速增长的危险危机。

在有关下降的情况下，令牌现在为0.8030美元，在过去24小时内降低了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现在是缩写词，代币和协议的海洋，有时可能会令人不知所措。但是，有时会出现一个缩写词，真正捕捉了加密领域中紧迫问题的本质。今天，我们专注于Susd，Synthetix发出的分散的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."

“在昨天下降后，令牌进一步滑倒，在撰写本文时达到了0.8030美元。这持续了2025年3月中旬开始的下降趋势，当时Susd开始明显地与其预期的1美元价值分歧。”

"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?"

“代币正在迅速接近2546万美元的市值，昨天以美元计算的价格为0.9321美元。这种脚步的人让贸易商和投资者担心，因为像Susd这样的稳定​​者旨在与美元保持1：1 PEG，这是什么。那么，这是什么？

"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是一个分散的稳定稳定性，旨在跟踪美元的价值并保持稳定的1：1钉与该货币。它是使用Synthetix平台的合成资产机制来制作的，用户将SNX或其他资产作为替代的稳定性，这是一个很近的东西。 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，从2025年3月中旬开始，Susd开始明显远离其1美元的熟悉价值。2025年4月9日，Stablecoin的价值跌至约0.8388美元，这表明跌幅超过16％，从理论上讲，这一急剧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持续不断的危机有很多方面。Synthetix的创始人Kain Warwick最近谈到了这种情况，并说支持SUSD的调整机制正在经历越来越大的痛苦，您期望从一个试图做出重大变化的平台中，这是稳定的。

"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."

“具体而言，市场波动似乎与苏迪德（Susd. Warwick）的抵押品背景的更大变化有关。沃里克（Warwick）透露，Synthetix剥离了其ETH地位的90％，并增强了其SNX持有量。该协议的抵押品组合中的这一调整可能会带来一些不受欢迎的效果，因为它可能会带来一些稳定的稳定效果，这是如此稳定，现在很稳定，现在很稳定，这是如此稳定。

"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."

“同时，近来已经看到了更广泛的加密世界，这似乎加剧了周围的关注点。因为以太坊和比特币（例如以太坊和比特币）的价值在自己的方向上摆动，Susd的资产似乎并不是造成他们最美好的一天。这是造成他们最好的一天。

"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一直失去了钉子，其抵押令牌SNX的价值一直在价值。在过去的24小时中，SNX猛增了7.5％，这与Susd现在的趋势是一个很大的对比。那么，这里发生了什么？为什么在这里发生了什么？为什么对这两个贵族造成了矛盾？”

"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."

“很明显，市场假设即使在短期内遇到问题，这也不会影响Synthetix协议或其治理机制。值得一提的是，SNX价值的最大增值与Synthetix团队所做的最新变化相关。

"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缺乏稳定性正在对投资者的信心和SNX的前景投入灾难，因为Synthetix生态系统整体和Stablecoin和STableCoin对SNX成功的锻炼而言是不可或缺的。随着SUSD的问题不断升级，Synthetix团队的越来越多，Synthetix的越来越大，无法解决基本问题。”

"It was recently stated by Warwick

“最近由沃里克说