Synthetix stablecoin sUSD rebounded to $0.8683, up 9.3% in 24 hours

Mars Finance News, on April 24, according to market information, Synthetix's dollar stablecoin sUSD rebounded to $0.8683, with a 24-hour increase of 9.3%. Previously, sUSD had fallen below $0.7 after depegging. On April 18, Synthetix announced an emergency solution for its "sUSD depegging" issue, with the USD 420 pool to be launched and incentivized. SNX stakers in the 420 pool can deposit sUSD to receive a share of 5 million SNX rewards over 12 months. The deposited sUSD will be locked for one year and can be fully withdrawn after the event, with the earned SNX rewards also locked and to be unlocked within 3 months after the event ends. Synthetix founder Kain commented on the emergency plan, "This is one of the worst immediate solutions to create demand for sUSD from the user community."