Breaking: sUSD Tanks 32% to $0.68, Triggering SNX Spiral Fears
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sUSD Stablecoin has crashed 32% to $0.68, destabilizing the Synthetix DeFi ecosystem. The collapse occurred after SIP-420 reduced collateralization requirements from 750% to 200% and removed debt repayment incentives. Protocols built on Synthetix, including Toros Finance, began withdrawing their products.
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