What Value does the sUSD Stablecoin have?
So what is sUSD and why does Mr. Market think it is worth up to $142.527 million? sUSD is one of 15 Synths, or derivative tokens, they built with the Synthetix derivatives liquidity protocol. The sUSD tracks the price of a single USD dollar. They claim the price of the sUSD remains constant at $1 USD.