Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX

Synthetix governance has moved to retire sUSD, proposing to pay all holders back at face value in vested SNX under SIP-423, introduced June 12. The stablecoin now trades at roughly $0.25 against its $1.00 target, per CoinGecko and DefiLlama. Synthetix founder Kain Warwick and core contributor... Read the full story at The Defiant