- 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
The Stablecoin Era! Circle founder Jeremy Allaire makes the 2026 Global Top 100 Most Influential People list
Against the backdrop of the gradual expansion of global crypto and financial regulation, Circle co-founder Jeremy Allaire was named to Time’s 2026 list of the 100 most influential people, symbolizing the growing importance of stablecoins. Circle has evolved from a digital payments company into a stablecoin platform centered on USDC, and plans to become part of global financial infrastructure. This shift makes its business model more akin to a digital money market fund, foreshadowing the potential profitability and growth of stablecoins in the future.
ChainNewsAbmedia1h ago
0G Labs Launches 0G App as Ecosystem Gateway: Decentralized Compute, Verifiable AI, and $0G Token Close Loop
0G Labs launched the 0G App, a no-code platform enabling users to create AI applications through natural language. It combines decentralized computing and AI capabilities, addressing centralization issues while enhancing privacy. This launch aims to boost AI Agent adoption and integrates with 0G's broader AI economy.
GateNews4h ago
WLFI Proposes Token Governance Plan: 62.2B Tokens Locked for Minimum 2 Years, 10% Team Share Burn
World Liberty Financial (WLFI) has proposed a governance plan locking 62.2 billion WLFI tokens for two years, with different vesting schedules for advisors and early supporters. This aims to enhance long-term governance in DeFi and includes a token burn requirement.
GateNews6h ago
Cardano Founder Says Crypto Parties Won’t Boost ADA Price – Here’s Why
Charles Hoskinson just dropped a reality check on the Cardano community. His message is simple. Crypto parties and big conference events are not going to move the ADA price. Instead, he wants to take the funds that would have been spent on flashy gatherings and put them into permanent global co
CaptainAltcoin6h ago
Cardano Founder Says Crypto Parties Won’t Boost ADA Price – Here’s Why
Charles Hoskinson just dropped a reality check on the Cardano community. His message is simple. Crypto parties and big conference events are not going to move the ADA price. Instead, he wants to take the funds that would have been spent on flashy gatherings and put them into permanent global co
CaptainAltcoin10h ago
TRON Becomes First Major Blockchain to Deploy Post-Quantum Cryptographic Signatures on Mainnet
Justin Sun announced TRON's post-quantum upgrade initiative, aiming to implement NIST-standardized cryptographic signatures on its mainnet to counter future quantum computing threats, positioning TRON ahead of Bitcoin and Ethereum in quantum preparedness.
GateNews10h ago
