USSD
StablecoinsEmerging· Global

USSD

Tiny ($550K) but architecturally interesting. A stablecoin backed by BUIDL, Superstate, and WisdomTree treasury tokens through Frax. Three layers of tokenized treasuries deep.

01 /

Brief

Sonic chain native stablecoin built on Frax infrastructure (frxUSD). Backed 1:1 by tokenized US Treasuries from BlackRock BUIDL, Superstate, and WisdomTree.

02 /

Snapshot

Key terms and identifiers.

Asset classes
Treasuries
Token standards
erc-20
Jurisdiction
Global
03 /

Connections

Who they build with, build on, integrate with.