US Sonic Dollar (USSD) stablecoin analytics
USSD is Sonic Labs's permissionless 1:1 dollar directly backed by Sonic frxUSD and therefore inherits Frax's upstream reserve exposure.
Static Profile
Static stablecoin profile
US Sonic Dollar (USSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
Sonic Labs's USSD is a permissionless, zero-fee stablecoin backed entirely by tokenized Treasury bills, where yield flows to the Sonic ecosystem as buybacks rather than to holders. USSD is Sonic Labs' answer to why a fast EVM chain depends on Circle and Tether to denominate...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Sonic frxUSD held 1:1 by the USSD BrandedCustodian contract on Sonic. USSD inherits frxUSD's upstream reserve exposure rather than directly holding Frax's tokenized Treasury and approved-stablecoin portfolio.
- Peg Mechanism
- USSD is minted and redeemed 1:1 against Sonic frxUSD through Frax-derived permissionless contracts. Broader approved-asset and tokenized-Treasury routes belong to the upstream frxUSD reserve layer; cross-chain USSD additionally relies on its omnichain infrastructure.
- Jurisdiction
- United States
- Proof Of Reserves
- Real-Time PoR by Frax Finance Reserve source
Snippet Answer
Is USSD safe?
Pharos does not mark USSD as absolutely safe. Static metadata says US Sonic Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Frax Finance; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety ussd-sonic-labs
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
USSD quick answers
What is US Sonic Dollar (USSD)?
USSD is Sonic Labs's permissionless 1:1 dollar directly backed by Sonic frxUSD and therefore inherits Frax's upstream reserve exposure. The static profile records its US Dollar peg mechanism as: USSD is minted and redeemed 1:1 against Sonic frxUSD through Frax-derived permissionless contracts. Broader approved-asset and tokenized-Treasury routes belong to the upstream frxUSD reserve layer; cross-chain USSD additionally relies on...
Is USSD safe?
Pharos does not mark USSD as absolutely safe. Static metadata says US Sonic Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Frax Finance; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USSD?
Pharos classifies USSD backing as Real-World Asset Backed. Collateral, per the static profile: Sonic frxUSD held 1:1 by the USSD BrandedCustodian contract on Sonic. USSD inherits frxUSD's upstream reserve exposure rather than directly holding Frax's tokenized Treasury and approved-stablecoin portfolio. Reserve evidence: Real-Time PoR from Frax Finance.
Can USSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USSD, when applicable, appear in the dossier below.