USSD Stablecoin Launches On Sonic Network Backed By Major Treasury Funds
Sonic Labs has introduced USSD, a native stablecoin on the Sonic network, designed to serve as the primary dollar-pegged liquidity layer. Backed 1:1 by U.S. Treasury bills, USSD leverages institutional-grade reserves from BlackRock, Superstate, and WisdomTree to ensure stability and trust.
The stablecoin addresses fragmentation in decentralized finance by offering a unified USD asset directly issued on Sonic, eliminating the need for bridged alternatives. Built on Frax Finance's frxUSD infrastructure, USSD reserves include tokenized Treasury products like BlackRock’s BUIDL and Superstate’s USTB, held by regulated custodians.
Yield incentives and ecosystem integration aim to bolster adoption, positioning USSD as a cornerstone for DeFi liquidity. The move reflects growing institutional involvement in crypto, with Treasury-backed stablecoins emerging as a credible alternative to traditional fiat-pegged offerings.
