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💎 DeFi🟢 BullishImportance 7/10
Sonic Labs taps Frax infrastructure for native network stablecoin
🤖AI Summary
Sonic Labs has partnered with Frax to launch USSD, a native network stablecoin backed by tokenized Treasury products from major asset managers including BlackRock, WisdomTree, and Superstate. This integration leverages Frax's infrastructure to provide a regulated, asset-backed stablecoin for the Sonic network.
Key Takeaways
- →Sonic Labs launches USSD stablecoin using Frax's infrastructure platform.
- →USSD is backed by tokenized Treasury products from BlackRock, WisdomTree, and Superstate.
- →The partnership brings institutional-grade backing to Sonic's native stablecoin.
- →This represents growing adoption of real-world asset tokenization in DeFi.
- →Major asset managers continue expanding their presence in the tokenized securities space.
Read Original →via The Block
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