According to Crowdfundinsider, Sonic Labs has officially launched its native stablecoin, USSD, which is 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 consisting of tokenized U.S. Treasuries provided by BlackRock, WisdomTree, and Superstate. Users can mint USSD at a 1:1 ratio with USDC and redeem it for USDC via chains supporting CCTP. Compliant users who meet KYC/AML requirements can also directly exchange USSD for U.S. dollars deposited into their bank accounts. Samuel Harcourt, a core contributor at Sonic Labs, stated that USSD is a foundational step in their vertically integrated strategy, aimed at introducing institutional-grade yields and establishing external revenue streams beyond the S token.
Sonic Labs Launches USSD, a Stablecoin Backed by U.S. Treasury Securities
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Summary
Sonic Labs announced the launch of USSD, a stablecoin backed by U.S. Treasury securities. Built on Frax’s frxUSD infrastructure, USSD utilizes tokenized bonds from BlackRock, WisdomTree, and Superstate. Users can mint and redeem USSD via USDC on CCTP-compatible chains. KYC-compliant users can also convert it to USD. Samuel Harcourt called it a key step in Sonic’s integration strategy, aiming to bring institutional yields and new revenue streams beyond the S token. This on-chain development marks a major milestone in crypto news.
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