Sonic Labs launches native decentralized stablecoin USSD, with underlying asset returns used for buybacks and ecosystem incentives.

Techub News reports that Sonic Labs has launched the native, permissionless dollar stablecoin USSD (US Sonic Dollar), built on Frax's GENIUS-compatible frxUSD infrastructure, combining on-chain permissionless features with institutional-grade asset backing from entities like BlackRock, Superstate, and WisdomTree. The stablecoin is now live on Sonic, supporting cross-chain minting from over 10 chains; reserve assets are backed 1:1 by dollar-denominated assets (including BlackRock's BUIDL, Superstate's USTB, and tokenized products like WisdomTree's). Users can mint USSD with zero fees at a 1:1 ratio by depositing assets such as USDC, USDT, and PYUSD via non-custodial smart contracts. The yield generated from USSD's underlying assets will flow back to the Sonic network to support buybacks and ecosystem incentives.