PANews reported on May 17 that Synthetix officially announced the launch of a sUSD market repurchase plan with a daily maximum limit of $1 million to cope with the recent drop in sUSD prices to $0.93. The plan will be carried out through open market operations to support market forces and restore the peg between sUSD and the US dollar. Previously, Synthetix has launched a number of measures, including the Infinex reward event and the 420 Pool sUSD staking plan, the latter of which currently has an annualized yield of 72% and requires participants to maintain a 10% sUSD staking ratio. These measures have initially stabilized the sUSD price.