Sonic launches the native decentralized stablecoin USSD, with underlying asset yields used to support buybacks and ecosystem incentives.

CoinNetwork · 2026-03-09T16:10:20+00:00

Sonic Labs announces the launch of its native USD stablecoin USSD, built on Frax infrastructure, supporting cross-chain minting. USSD aims to provide stable liquidity, with assets backed 1:1 by institutional-grade products, and users can mint at zero cost.

CoinNetwork

2026-03-09 16:10:20

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CryptoWorld News: Sonic Labs announces the launch of its native, permissionless USD stablecoin USSD (US Sonic Dollar) on the Sonic network. The stablecoin is built on Frax’s GENIUS-compatible frxUSD infrastructure, combining on-chain permissionless usability with institutional-grade backing from entities like BlackRock, Superstate, and WisdomTree. Currently, USSD is live on Sonic and supports cross-chain minting from over 10 chains. USSD aims to provide predictable and composable stable liquidity for the Sonic ecosystem, with reserves backed 1:1 by USD assets including tokenized products from BlackRock’s BUIDL, Superstate’s USTB, and WisdomTree. Users can mint USSD at a 1:1 ratio with assets like USDC, USDT, PYUSD through non-custodial smart contracts at zero cost. The underlying asset yields of USSD will flow back into the Sonic network to support buybacks and ecosystem incentives.

SONIC1.27%

FRAX0.85%

USDC0.02%

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