
New Stablecoin USSD Launched on Sonic Blockchain Backed by U.S. Treasury Products
Sonic Labs has introduced USSD, a stablecoin on the Sonic blockchain, supported by tokenized U.S. Treasury products. According to NS3.AI, the collateral for USSD is derived from products issued by prominent asset managers, including BlackRock, WisdomTree, and Superstate. Utilizing Frax Finance’s frxUSD infrastructure, USSD can be minted on Sonic from over ten different blockchains through LayerZero’s cross-chain technology.

