Sonic Labs launches the native stablecoin USSD, backed by U.S. Treasury products from institutions such as BlackRock.

SmartContractAuditor · 2026-03-12T01:56:28+00:00

Sonic Labs has launched its native web stablecoin US Sonic Dollar (USSD), serving as the core liquidity layer of the Sonic ecosystem. USSD is built on Frax Finance's infrastructure, pegged 1:1 to the US dollar, and backed by tokenized U.S. Treasury bonds provided by multiple institutions. Users can mint USSD across multiple chains with zero fees and can exchange and redeem it flexibly using assets like USDC, USDT, and others.

SmartContractAuditor

2026-03-12 01:56:28

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Odaily Planet Daily reports that Sonic Labs (formerly Fantom) has officially launched its native network stablecoin, US Sonic Dollar (USSD), as the core liquidity layer of the Sonic ecosystem. USSD is built on Frax Finance’s GENIUS compliant frxUSD infrastructure and is backed by institutional reserves. Its reserve assets are pegged 1:1 to the US dollar and consist of tokenized U.S. Treasury products provided by institutions such as BlackRock’s BUIDL, Superstate’s USTB, and WisdomTree.

USSD aims to capture underlying layer yields and return them to the ecosystem for token buybacks and user incentives. The stablecoin supports zero-fee minting on over 10 chains, including Ethereum, Base, and Arbitrum, via LayerZero. Users can exchange assets like USDC and USDT on a 1:1 basis and can also redeem across multiple chains flexibly using the CCTP protocol.

FRAX5.34%

ETH0.3%

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