TechFlow News, March 12: According to Crowdfund Insider, Sonic Labs has officially launched its native stablecoin, USSD, backed by U.S. Treasury securities and positioned as the core source of stable liquidity for the Sonic network.
USSD is built on Frax’s frxUSD stablecoin infrastructure, with reserve assets comprising tokenized U.S. Treasuries provided by BlackRock, WisdomTree, and Superstate. Users can mint USSD at a 1:1 ratio against USDC and redeem it for USDC across chains supporting the Cross-Chain Transfer Protocol (CCTP). Compliant users meeting KYC/AML requirements may also directly convert the stablecoin into USD deposited into their bank accounts.
Samuel Harcourt, Core Contributor at Sonic Labs, stated that USSD represents a foundational step in the team’s vertically integrated strategy—aimed at introducing institutional-grade yield and establishing external revenue streams beyond the $S token.
