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Sonic Labs Launches USSD Stablecoin to Bolster Network Liquidity Amid TVL Collapse

Sonic Labs Launches USSD Stablecoin to Bolster Network Liquidity Amid TVL Collapse

Author:

Global Cryptocurrency

Published:

2026-03-10 12:15:01

6

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BTCCSquare news:

Sonic Labs has unveiled USSD, a new dollar-pegged stablecoin designed to anchor its struggling ecosystem. The launch comes as the network grapples with a catastrophic 97% plunge in total value locked - from $1.1 billion in May 2025 to just $34 million. Its native S token trades at $0.04074, a staggering 96% below its all-time high.

The stablecoin distinguishes itself through full collateralization by U.S. Treasury products, with custody handled by institutional heavyweights including BlackRock and WisdomTree. Built on Frax Finance's professional-grade architecture, the minting mechanism emphasizes security and accessibility for users.

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