💎 DeFi🔴 BearishImportance 6/10

Sonic Labs Unveils USSD Stablecoin as Network Looks to Reverse Decline

The Defiant|yyctrader|March 9, 2026 at 05:13 PM

Image via The Defiant

🤖AI Summary

Sonic Labs has launched the USSD stablecoin as its network faces severe challenges, with Total Value Locked (TVL) collapsing 97% to just $34 million from its May 2025 peak. The stablecoin launch appears to be part of efforts to revitalize the struggling network and reverse its dramatic decline in user adoption and capital.

Key Takeaways

→Sonic Labs introduced USSD stablecoin amid network recovery efforts.
→Sonic's TVL has crashed 97% from its May 2025 peak to only $34 million.
→The network is implementing measures to reverse its significant decline.
→The dramatic TVL drop indicates severe loss of user confidence and capital flight.
→USSD stablecoin launch represents a strategic pivot to attract liquidity back to the platform.

#sonic-labs #ussd #stablecoin #tvl-decline #defi #network-recovery #liquidity

Read Original →via The Defiant

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