DeFiBearishThe Defiant · 2h ago6/10
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Sonic Labs Unveils USSD Stablecoin as Network Looks to Reverse Decline
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.
