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Easily convert SUSD to SPYX with ConvertOnline's efficient tool.
sUSD (SUSD) is a decentralized stablecoin pegged to the US Dollar, designed to maintain price stability while leveraging the capabilities of the Ethereum blockchain. It is part of the Synthetix protocol, allowing users to trade synthetic assets that mirror the value of real-world assets, like fiat currencies or commodities.
The SP500 tokenized ETF (xStock) (SPYX) is a digital asset that represents a tokenized version of an exchange-traded fund (ETF) tracking the S&P 500 index. By providing exposure to the performance of the 500 largest publicly traded companies in the United States, this token aims to democratize access to traditional stock market investments through blockchain technology.