DescriptionsyUSD is Synnax’s stablecoin, secured by overcollateralized assets and designed to maintain a soft peg to the U.S. dollar
Category:crypto-backed
Minting and RedemptionUsers mint syUSD by depositing assets into Synnax vaults, where collateral is utilized for market-making strategies. Redemption requires debt repayment
Synnax Stablecoin (syUSD)