Review on sUSD by LUIS RIVERO R
Synthetic stable token.
Synthetic token issued by synthetix networt on the Ethereum network, its value is tied to the dollar, so it is a good alternative to protect itself in times of high volatility. Mainly listed on the synthetix exchange, however it is possible to trade on popular exchanges such as Binance or Kukoin among others.
Any individual can issue the necessary amount of sUSD according to what they are willing to place as collateral. What makes this token different is its cryptocurrency-based endorsement
For now it is only limited to the ethereum blockchain.
In general, it is intended for users who protect their value in cryptocurrencies in stable tokens, it can also be bet on the different Synthetix Defi mechanisms, receiving rewards for daily balances.
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Pros
- Backed with a diversified basket of cryptocurrencies and other stablecoins.
- You can use any of the services offered by this Defi to receive a large number of decentralized wallets.
Cons
- It is only available on the ethereum network
- There is a large quantity of stable coins.
