- Sonic Labs launched USSD, a USD-pegged stablecoin backed 1:1 by U.S. Treasury assets.
- The stablecoin will provide cross-chain liquidity and a stable dollar asset for DeFi on the Sonic network.
Sonic Labs launched USSD, a new stablecoin pegged to the US dollar. The announcement on March 9, 2026, operates on a decentralized blockchain network and offers genuine financial backing from traditional markets, supported by 1:1 short-term U.S. Treasury assets, and provides steady liquidity to the Sonic blockchain ecosystem. According to the company, USSD will function as a digital currency inside the Sonic ecosystem, enabling users to make payments, trade, and lend money through the DeFi apps
Treasury Assets Backing Stablecoins
USSD is backed by real-world financial assets and the US. Treasury products are connected to financial institutions such as BlackRock and WisdomTree. Sonic Labs says that the reserve model follows the same structure as Frax, which focuses on reliable backing and a clear redemption mechanism
Through the smart contract, users can now mint USSD directly on the Sonic network by allowing users to deposit the dollar-based assets and receive USSD in return at a 1:1 ratio without the minting fees. The goal of this design is to facilitate the entry of DeFi users and liquidity providers into the Sonic ecosystem.
The stablecoin allows users to deposit on another blockchain and receive USSD directly on the Sonic. Users can move funds between chains and settle transactions while managing liquidity acrossDeFi platforms without being limited to one blockchain network
Sonic Labs stated that the Treasury assets supporting USSD have the potential to generate revenue in the future. This revenue may be used to support ecosystem incentives, developer programs, and network growth. As the activity on the Sonic increases, the stablecoin could become a central financial layer for its DeFi economy. The launch of USSD shows Sonic Labs’ effort to combine traditional financial assets with the blockchain infrastructure
Highlighted Crypto News:
Hyperliquid (HYPE) Jumps 9%: Can the $40 Zone Be Reached and Anchor the Bull Run?
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple Outlines Four-Phase Quantum-Safe Plan for XRP Ledger by 2028
Ripple has developed a four-phase roadmap to secure the XRP Ledger against quantum computing threats by 2028, addressing concerns over blockchain cryptography vulnerabilities. Key phases include researching quantum risks and implementing advanced security methods. XRP Ledger is currently better equipped than Bitcoin, with built-in key rotation enhancing safety.
GateNews3h ago
Hong Kong Launches 24/7 Trading Framework for Tokenized Funds, AUM Reaches $1.37B
Hong Kong's Securities and Futures Commission (SFC) has established a regulatory framework for round-the-clock trading of tokenized products on licensed platforms. With 13 tokenized products and approximately HK$10.7 billion in assets, this initiative aims to integrate traditional finance with Web3 through regulated stablecoins and tokenized deposits, enhancing liquidity.
GateNews6h ago
Japan launches the Canton network verification pilot and tests government bonds as digital collateral
JSCC, under the JPX Japan Exchange Group, partnered with Mizuho, Nomura, and Digital Asset to launch a concept proof-of-concept project based on the Canton network. The project will test the feasibility of Japanese government bonds as digital collateral, with the aim of improving liquidity and management efficiency in financial markets, and ensuring it does not conflict with existing regulations. The initiative also covers cross-border trading scenarios, signaling the application potential of Japanese government bonds in the digital asset space.
ChainNewsAbmedia7h ago
Vitalik Buterin Outlines Ethereum's 5-Year Roadmap Focused on Quantum Security and Scalability
Vitalik Buterin presented Ethereum's five-year roadmap, focusing on quantum security and scalability. Key goals include increasing gas limits, implementing Zero Knowledge Proofs, and enhancing transaction confirmation times by 2028, despite challenges with quantum-resistant signatures.
GateNews7h ago
Nexchain Smart Actions Brings AI to Autonomous Web3
Nexchain introduced Smart Actions, a suite of intelligent modules designed to transform blockchain networks from manual, reactive systems into autonomous and self-optimizing environments, according to an announcement on April 18, 2026. The product reflects the company's commitment to building
CryptoFrontier9h ago
Hong Kong SFC issues two tokenized offering circulars on the same day (26EC22 / 26EC23): Full breakdown of VATP secondary trading and primary subscription and redemption rules
The Hong Kong Securities and Futures Commission will issue two guidance circulars for tokenized products in 2026, covering primary-market subscription and redemption and secondary-market trading requirements, respectively. The circulars will clearly define the responsibilities of product providers, liquidity requirements, and fair pricing mechanisms. The new regulatory framework will affect how the industry operates and will create new business opportunities for compliance lawyers, forming a template for tokenized finance regulation in the Asia-Pacific region.
ChainNewsAbmedia11h ago
