Synnax Stablecoin syUSDPrice $ 0.692

Synnax Stablecoin (syUSD) is Synnax’s fully decentralized, over-collateralized stablecoin, soft-pegged to the U.S. dollar. Users mint syUSD by depositing yield-bearing collateral, like iSEI or SEI tokens, into Synnax vaults, which are then deployed into market-making strategies to generate yield. The system features transparent collateralization and leverages decentralized issuance, enabling users to redeem syUSD anytime by repaying their debt. Built on the SEI blockchain, syUSD extends DeFi capabilities for stable, liquid synthetic dollars across the ecosystem.