Synthetix Founder: sUSD Expected to Fully Re-Anchor by the End of the Month

According to a report from HashiChain, Synthetix founder Kain stated on the X platform that the price of sUSD is expected to fully recover by the end of the month. He mentioned that despite this challenging period, he remains optimistic and anticipates a price rebound by the end of the month. Additionally, the mainnet's pre-deposit activity will be launched, which will help the team get back on track. Previously, sUSD lost its peg due to the introduction of a shared debt pool mechanism in SIP-420, falling as low as $0.73.