sUSD (SUSD)

Update: My $10000 is worth $2500

Absolutely disgusting work by @synthetix

Their sUSD depeged from $1 to $0.25

How can you even lose money on a stablecoin? I hate crypto https://t.co/41V2riARw9

🚨 @SonicLabs lost 90% over 1 year and its leaders have just announced their departure.

Andre Cronje, Michael Kong and David Richardson have all resigned from the project's board.
The token fell more than 5% in the wake of the announcement.

Sonic is the former Fantom relaunched under a new brand and a new token.
Over a year, sonic-3:native lost about 90% of its value, one of the most pronounced post‑cycle collapses in the sector.

Another one bites the dust. sUSD is being sunset.

Using the “Stablecoins” label for any tokens backed by “stuff” was a mistake, https://t.co/ObpyZFw29B