sUSD

Halal Rating :
Questionable
Last Price $1.00 Last updated:
Rank 696
1D Change -0.32 %
Market Cap $41.59m
Circulating supply 41,779,295
Maximum supply 142,399,574

Crypto Overview

Categories
  • Store Of Value
  • DeFi
  • Stablecoin
  • Algorithmic Stablecoin
  • Synthetics
  • Fantom Ecosystem
  • USD Stablecoin

sUSD, or synthetic USD, is a synthetic asset launched by Synthetix Exchange. sUSD mirrors and tracks the price of USD provided by an oracle - Chainlink.

Crypto Impact

To assign a comfort level investing in sUSD from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to sUSD.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating