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CryptoNewsZ 2024-05-17 16:20:01

Synthetix stablecoin, sUSD, becoming more scalable and decentralized

sUSD, Synthetix’s stablecoin, is undergoing a critical phase in preparation for the V3 release, which will result in enhanced decentralization and upgradability. The previous V2x mechanism encouraged participation by minting the SNX token. It differs from the present version in that it brings in and disburses actual yield, has a buyback and burn system, and …

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