Sonic Labs Launches USSD: A Network-Native USD Stablecoin Backed by BlackRock and Frax Infrastructure

TLDR: USSD is backed 1:1 by U.S. Treasury bills held with BlackRock, Superstate, and WisdomTree funds. Sonic’s native stablecoin offers zero minting fees and permissionless access through non-custodial smart contracts. USSD supports cross-chain minting and redemption across more than 10 networks, including Ethereum and Base. Reserve yield from USSD flows back into the Sonic ecosystem, [...]

The post Sonic Labs Launches USSD: A Network-Native USD Stablecoin Backed by BlackRock and Frax Infrastructure appeared first on Blockonomi.