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Sonic Labs Launch USSD Stablecoin With Frax
Sonic Labs has revealed they are officially releasing their anticipated native stablecoin USSD, with Frax the stablecoin issuer of choice.
Franx Finance and Sonic Labs announce their joint stablecoin USSD, using the former’s issuance infrastructure and the latter’s branding and network distribution (Logan Voss / Unsplash)
Sonic Labs has launched USSD stablecoin.
The EVM layer 1 blockchain is stepping into the stablecoin space with its native USSD stablecoin, issued by stablecoin issuer Frax. With 1:1 backing, its reserves comprise of U.S. Treasury Bills and tokenized market funds from Blackrock, Wisdom Tree and Superstate.
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