ChainCatcher message display, sUSD has recently experienced a de-pegging phenomenon, with the price once dropping below $0.83, currently rebounding to $0.85122. The price fluctuations of sUSD have drawn market attention, especially in the stablecoin market, where the stability of its peg mechanism is under scrutiny.

Synthetix founder Kain revealed that the peg restoration mechanism for sUSD is in a transitional phase. To address this challenge, the team has sold 90% of ETH and increased their holdings in SNX to enhance the system's stability and risk resistance capabilities. Whether this initiative can effectively restore the pegged status of sUSD remains to be seen.