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Sonic Labs launches USSD stablecoin backed by US Treasuries – TON BOT

Sonic Labs launches USSD stablecoin backed by US Treasuries

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Sonic Labs has launched USSD, a USD stablecoin backed 1:1 by U.S. Treasury assets from major financial institutions like BlackRock, Superstate, and WisdomTree. The stablecoin aims to provide stable liquidity across the Sonic blockchain ecosystem for trading, lending, payments, and settlement in decentralized finance applications. It can be minted through non-custodial smart contracts on the Sonic network with no fees and supports cross-chain liquidity with more than ten blockchain networks. The launch of USSD is part of Sonic’s vertical integration initiative to enhance its DeFi strategy and attract more users and developers to the ecosystem.

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