Synthetix launches a daily maximum limit of $1 million USD repurchase plan for sUSD

According to official sources, Synthetix has announced the launch of an sUSD market buyback program with a daily maximum limit of $1 million, in response to the recent drop in sUSD prices to $0.93. The program will be conducted through open market operations aimed at supporting market forces and restoring the anchoring of sUSD to the US dollar. Previously, Synthetix has implemented multiple measures, including Infinex reward activities and 420 Pool's sUSD staking plan, which currently has an annualized yield of 72% and requires participants to maintain a 10% sUSD staking ratio. These measures have initially stabilized the sUSD price.