Sonic Labs Launches New Stablecoin as S Token Sits Near Record Lows

Sonic Labs has launched USSD, a network-native US dollar stablecoin built on Frax Finance infrastructure. It’s backed 1:1 by US Treasury assets linked to products from BlackRock, Superstate, and WisdomTree.   The company said USSD is designed to serve as the main source of stable liquidity across the Sonic ecosystem, with cross-chain minting available from more than 10 blockchains. Another Dollar Stablecoin, This Time For Sonic’s DeFi Economy The launch matters because Sonic is trying to rebuild its financial base while its native S token remains under pressure source: https://beincrypto.com/sonic-launches-blackrock-backed-stablecoin/