About Synthetic Issuer Cryptocurrencies
Synthetic Issuer is a category of cryptocurrencies that are created through a process called collateralization. This means that the value of these currencies is backed by an external asset or security, such as a fiat currency or a commodity. As a result, Synthetic Issuer cryptocurrencies tend to be more stable and less volatile than other types of cryptocurrencies, which are not collateralized. This stability makes them more attractive to investors who are looking for a relatively safe place to put their money. However, it’s worth noting that Synthetic Issuer currencies may not have the same level of decentralization and security as other types of cryptocurrencies. Despite this, they remain a popular choice among investors due to their stability and potential for long-term growth.
List of Synthetic Issuer Cryptocurrencies
| Coin Name | Market Capitalization |
|---|---|
 Synthetix Network (SNX) |
$912,982,183.0 |
 UMA (UMA) |
$118,860,838.0 |
 STP (STPT) |
$88,606,378.0 |
 Indigo Protocol (INDY) |
$20,022,164.0 |
 Cryptex Finance (CTX) |
$5,218,068.0 |
 Mirror Protocol (MIR) |
$4,887,208.0 |
 Dafi Protocol (DAFI) |
$5,537,669.0 |
 Offshift (XFT) |
$2,297,930.0 |
 Horizon Protocol (HZN) |
$2,248,726.0 |
 Mettalex (MTLX) |
$1,079,373.0 |
 PERI Finance (PERI) |
$533,342.0 |
 Synthetify (SNY) |
$31,281.0 |
 Jarvis Reward (JRT) |
$4,092,073.0 |
 Oikos (OKS) |
$187,030.0 |
