Sonic Labs launches USSD stablecoin backed by US Treasurys

Sonic Labs, the developer of the highly scalable blockchain Sonic, has launched its own stablecoin, USSD. The stablecoin is backed by tokenized U.S. Treasury products from BlackRock, WisdomTree, and Superstate. According to the company, USSD adopts Frax Finance's modular infrastructure (frxUSD) to provide institutional-grade security and can be minted directly onto the Sonic network from more than 10 other chains using LayerZero technology.