Odaily Planet Daily News Synthetix announced that its stablecoin sUSD will return to its target of 1 dollar, and starting from June 2 at 23:59 UTC, SNX debt collateral holders are required to increase the sUSD collateral ratio in Pool 420 from 10% to 20%, otherwise the debt exemption will be suspended. Previously, due to user sell-offs, sUSD once fell to 0.70 dollars. The official statement indicates that restoring the peg will help advance the SIP-420 proposal and the subsequent deployment of v4 contracts on the Ethereum mainnet.