sUSDS (SUSDS)
CryptoScore Pro global score : 70/100 (computed on 2026-10-28)
sUSDS is a yield-bearing stablecoin deployed across multiple Ethereum-compatible chains—Ethereum mainnet, Arbitrum, Optimism, and Base—positioned as a high-yield alternative to traditional stablecoins like USDC or DAI. Unlike algorithmic stablecoins or collateralized assets, sUSDS derives its value from the staking of SNX tokens, the native governance and collateral asset of the Synthetix ecosystem. This mechanism allows SNX stakers to mint sUSDS while earning a portion of the platform’s trading fees, effectively embedding yield into the stablecoin’s supply. For users, sUSDS represents a bridge between stability and passive income, particularly appealing in DeFi environments where yield optimization is critical. Its multi-chain deployment also aligns with Synthetix’s strategy to expand accessibility while leveraging the security and liquidity of Ethereum’s Layer 2 ecosystems. However, its peg stability is contingent on the health of the SNX collateralization ratio, introducing a systemic risk distinct from overcollateralized stablecoins like DAI. Technologically, sUSDS operates within the Synthetix protocol, which utilizes a decentralized exchange (DEX) architecture to facilitate…
Scores by pillar
| Technology | 57/100 |
|---|---|
| Tokenomics | 75/100 |
| Team | 60/100 |
| Adoption | 85/100 |
| Liquidity | 49/100 |
| Compliance | 73/100 |
Market data
| Price | $1.12 |
|---|---|
| Market cap | $4.58B |
| 24h volume | $388,568.41 |
| Market cap rank | #30 |
| 24h change | +0.11% |
| 7d change | +0.73% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
sUSDS is a yield-bearing stablecoin, meaning it is a stable asset that generates income. It is based on the staking of SNX on Ethereum and its layer twos. Its maturity is recent, dating from late 2024. The token serves as a bridge between stability and passive income via Synthetix trading fees.