Coinbase, Exchanges

Can You Buy sUSD on Coinbase?

It’s been a big year for synthetic assets. In the past 12 months, we’ve seen the launch of Synthetix, UMA, and Set Protocol – all protocols that enable the issuance and trading of synthetic assets.

And we’ve seen a lot of interest in synthetic assets from established players like MakerDAO, Kyber Network, and 0x.

One synthetic asset that’s been getting a lot of attention lately is sUSD. sUSD is a synthetic USD stablecoin that’s pegged to the US Dollar.

It’s an ERC20 token that’s backed by a basket of other USD-backed stablecoins, including USDC, DAI, and TUSD.

NOTE: WARNING: Coinbase does not currently offer sUSD. Do not attempt to buy sUSD on Coinbase, as it is not possible to do so.

So far, sUSD has been used mostly as a collateral asset in Synthetix’s decentralized exchange. But with Synthetix recently announcing that sUSD will be listed on major exchanges like Coinbase Pro, Kraken, and Binance, it looks like sUSD is about to get a lot more exposure.

So, can you buy sUSD on Coinbase?

The short answer is no. Coinbase does not currently support the buying or selling of sUSD. However, that could change in the future.

Coinbase has been ramping up its support for ERC20 tokens lately and has already listed several ERC20 tokens on its platform, including USDC, BAT, and ZRX. So it’s not out of the question that Coinbase could eventually list sUSD on its platform.

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