Review on sUSD by erdi yılmaz
sUSD vs USA
Synthetix aimed to create an accessible cryptocurrency equivalent to $ 1 USD for everyone. As a result, ERC-20 based sUSD was born as a stablecoin.
sUSD allows crypto users to hide their assets without worrying about market liquidity. It can be advantageous for exchanges between Erc-20 tokens.
Despite all these advantages, some news from America does not give good signals on this issue. A cryptocurrency project to replace the dollar in the US poses a great danger to the future of dollar-indexed tokens. The realization of this project could reduce the need for dollar indexed tokens such as sUSD.
Pros
- It is a reliable project developed by the Synthetix platform.
- processing speed is high
- Listed on several exchanges
Cons
- USA can issue its own digital dollar
