#sonic-labs2 articles

2 articles

DeFiBullishThe Block · 6h ago7/10

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Sonic Labs taps Frax infrastructure for native network stablecoin

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.

DeFiBearishThe Defiant · 4h 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.