PANews reported on April 10 that the stablecoin sUSD of the Synthetix ecosystem has continued to decouple from its anchor in recent days, and the degree of decoupling has now expanded to over 10%. sUSD is now trading at $0.8946. The market value of the sUSD stablecoin is currently about $27 million.

Kain Warwick, founder of Synthetix, tweeted on April 2 to respond to users' concerns about the depegging of the sUSD stablecoin, saying that "Synthetix is not dying," and explained the background of sUSD's volatility by reviewing the history of stablecoins. He pointed out that sUSD is indeed more volatile than USDT and DAI, but its design mechanism is different, which is normal. He also reviewed the evolution of stablecoins since the birth of USDT, bitUSD, and Nubits in 2014, emphasizing that even centralized stablecoins such as USDC have been significantly depegged.