Review on sUSD by Gabriel Medina
sUSD Crypto Stable from Synthetix
sUSD is a Synthetix stablecoin that runs on Ethereum ERC20. Practically its value is backed anchored to the dollar, so each amount of sUSD you have will be the same value as the US dollar 1:1. It is actively being traded on 14 exchange platforms and among them is KuCoin. It is currently well capitalized and is at a high level. Of course it is not as popular as other stablecoins such as Tether.
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The Synthetix project needs to be developed to give more features and benefits to sUSD so that it can get a much greater reach among all the stablecoins currently on the market.
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Pros
- sUSD is structurally stronger and more useful.
- It has currently had a high capitalization.
- Stable cryptocurrency.
- Listed on 14 exchanges.
Cons
- The project for this token is relatively new and there are likely bugs in the code.
- It cannot be extracted.
- There is no application to store our tokens.
- It is not as popular as other stablecoins.
