Kripto AlPiyasalarSpotVadeli İşlemlerUSOILBirikimEtkinlik Merkezi
Daha Fazla
Gold vs Crypto
The post Sonic Labs launches USSD stablecoin backed by US Treasuries appeared on BitcoinEthereumNews.com. Sonic Labs has launched USSD, a USD-pegged stablecoin The post Sonic Labs launches USSD stablecoin backed by US Treasuries appeared on BitcoinEthereumNews.com. Sonic Labs has launched USSD, a USD-pegged stablecoin

Sonic Labs launches USSD stablecoin backed by US Treasuries

Yazar: BitcoinEthereumNews
Kaynak: BitcoinEthereumNews
2026/03/10 05:07
Okuma süresi: 2 dk
Sonic SVM
SONIC$0.04364+3.63%
Ucan fix life in1day
1$0.0004432+6.66%
Union
U$0.000917-6.14%
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen [email protected] üzerinden bizimle iletişime geçin.

Sonic Labs has launched USSD, a USD-pegged stablecoin supported by tokenized U.S. Treasury assets, adding a new source of stable liquidity to the Sonic blockchain ecosystem.

Summary

  • Sonic Labs launched USSD, a USD stablecoin integrated directly into its network.
  • The token is backed 1:1 by short-duration U.S. Treasury assets.
  • Reserve assets include products from BlackRock, Superstate, and WisdomTree.

The new stablecoin, announced on March 9, will serve as a dependable on-chain dollar across the network. It can be used for trading, lending, payments, and settlement in decentralized finance applications running on Sonic.

Sonic Labs said the launch gives developers and users a stable asset that can move easily across DeFi platforms within the network.

Institutional Treasury backing

USSD maintains a 1:1 backing with high-quality U.S. dollar assets held with regulated custodians. The reserves include tokenized Treasury products linked to major financial institutions such as BlackRock, Superstate, and WisdomTree.

These tokenized Treasury funds bring traditional financial instruments into blockchain markets while maintaining transparency and stability on-chain. Sonic Labs says the reserve structure follows the same framework used by Frax (FRAX), which focuses on clear redemption mechanics and dependable backing.

Users can mint USSD through non-custodial smart contracts on the Sonic network. Supported dollar-based assets may be deposited at a one-to-one ratio, and the minting process carries no fees.

The structure makes it easier for liquidity providers and DeFi participants to enter the ecosystem without additional costs.

Cross-chain liquidity and Sonic’s DeFi strategy

USSD launches with cross-chain minting support from more than ten blockchain networks. A user can deposit assets on another chain and receive USSD directly on Sonic, allowing liquidity to move between ecosystems with fewer barriers.

Through Frax’s cross-chain infrastructure, the stablecoin can also be exchanged for supported dollar assets. This setup enables users to settle transactions, transfer money between networks, and manage liquidity without depending on fragmented markets.

Stablecoins often serve as the main currency for DeFi, supporting trading pairs, collateral for lending, and settlement in derivatives markets.

A native stablecoin will help keep liquidity within the Sonic ecosystem and gives applications a consistent dollar reference. Revenue generated from the Treasury assets backing USSD may later support ecosystem incentives and network development as activity on Sonic continues to grow.

Source: https://crypto.news/sonic-labs-ussd-stablecoin-blackrock-wisdomtree-2026/

Piyasa Fırsatı
Sonic SVM Logosu
Sonic SVM Fiyatı(SONIC)
$0.04364
$0.04364$0.04364
+1.65%
USD
Sonic SVM (SONIC) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

This is Trump's tell that all isn't well

This is Trump's tell that all isn't well

Years ago, I was drinking with friends in a dive bar with a jukebox. I went over, quarters in hand, and noticed “It’s the Same Old Song” by the Four Tops, sitting
Paylaş
Rawstory2026/03/10 17:30
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Paylaş
BitcoinEthereumNews2025/09/18 09:14
Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

The post Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise appeared on BitcoinEthereumNews.com. In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy. Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May. The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release. Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.  As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session. If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko. Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than…
Paylaş
BitcoinEthereumNews2025/09/18 12:43