Sonic Labs — the developer of the Sonic blockchain — has announced the launch of its native stablecoin called USSD, backed by tokenized U.S. Treasury bonds from BlackRock, WisdomTree, and Superstate.
USSD is designed to provide a core liquidity source for the entire Sonic ecosystem, supporting on-chain financial activities across the network.
This stablecoin is built on Frax Finance’s frxUSD infrastructure, a modular stablecoin system compatible with the GENIUS law, allowing organizations to deploy stablecoins in a “white-label” model.
USSD also supports minting from over 10 blockchains via the cross-chain LayerZero standard and can be directly exchanged with USDC. Users can swap USSD back to USDC on supported networks through Circle’s Cross-Chain Transfer Protocol.
Sonic Labs states that the launch of USSD is part of a vertical integration strategy of core ecosystem components to increase the value of the S token and promote long-term stable liquidity.
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