Crypto Stablecoin $SUSD you Crashes 30% - What You Need to Know
We discuss the recent crash of the crypto stablecoin SUSD, which is tied to the Synthetix SNX token. Unlike USDC which is backed by cash and bonds, SUSD relied on the volatile $SNX token, causing it to lose its peg when the token dipped. The lesson learned is that crypto stablecoins can be risky, and it's important to stick to stablecoins with strong backing like $USDC .
