Sonic Labs Launches USSD Stablecoin Backed by BlackRock and WisdomTree US Treasuries

Sonic Labs has officially launched USSD, a stablecoin pegged 1:1 to the US dollar, with its reserve assets consisting of regulated and custodied US Treasury bonds. Key supporters include well-known financial institutions such as BlackRock, Superstate, and WisdomTree. The stablecoin is built on FraxFinance's technology framework and is specifically designed for the Sonic blockchain ecosystem, aiming to become the core stable liquidity layer within the network.

Users can deposit US dollar assets through non-custodial smart contracts on the Sonic network to mint USSD at a one-to-one ratio. The entire process is free of charge, reducing the barrier to entry for liquidity providers and DeFi News participants into the ecosystem. USSD not only supports free circulation within the Sonic network but also achieves asset interoperability with more than ten mainstream blockchain networks through Frax's cross-chain infrastructure. Users can deposit US dollar assets on other chains and directly obtain the equivalent value of USSD on Sonic, enabling seamless cross-chain liquidity migration.

As a critical infrastructure in DeFi News scenarios, USSD can be used for various applications such as trading pair quotes, lending collateral, and derivatives settlement, effectively reducing reliance on fragmented markets and centralized stablecoins, and improving the capital efficiency and risk resistance of the entire ecosystem. This move marks an important step for Sonic in its vertical integration strategy, further strengthening its position as an institutional-grade DeFi News infrastructure.