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Sonic Labs launches the native stablecoin USSD backed by U.S. Treasury bonds
Deep Tide TechFlow News, on March 12, reported by Crowdfundinsider, Sonic Labs officially launched the native stablecoin USSD, which is backed by U.S. Treasury bonds and positioned as the core stable liquidity source for the Sonic network.
USSD is built on the frxUSD stablecoin infrastructure from Frax, with reserve assets consisting of tokenized U.S. Treasury bonds provided by BlackRock, WisdomTree, and Superstate. Users can mint USSD in a 1:1 ratio with USDC and redeem it for USDC through chains that support CCTP. Compliant users who meet KYC/AML requirements can also directly exchange the stablecoin for USD into their bank accounts.
Samuel Harcourt, a core contributor to Sonic Labs, stated that USSD is a foundational step in their vertical integration plan, aimed at introducing institutional-grade yields and establishing external revenue streams beyond the S token.