What’s Up With Synthetix Stablecoin (sUSD) as USD Peg Drops to $0.83?
Key NotesCork Protocol co-founder Rob Schmitt warned of a potential "death spiral scenario" for sUSD, drawing parallels to TerraUSD's 2022 collapse.Schmitt emphasized differences in Synthetix’s $30 million treasury reserves, which could mitigate risks during a deleveraging event.Synthetix founder Kain Warwick acknowledged the instability, citing the removal of a key driver
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