Search results for Superstate
Crypto
Sonic Labs launches native stablecoin USSD using Frax infrastructure
Sonic Labs has launched USSD, a native stablecoin using Frax infrastructure, The Block reported on March 9 local time. The Block said USSD is backed by tokenised U.S. Treasuries from BlackRock, WisdomTree and Superstate and will provide liquidity within the Sonic network. Built on Frax Finance’s modular backend, USSD can be issued directly on more than 10 chains via cross-chain LayerZero and can be converted with Circle’s USDC.
Crypto
Superstate raises $82.5 million to help move Wall Street on-chain
Blockchain tokenisation startup Superstate raised $82.5 million as it targets moving Wall Street activity on-chain, CoinDesk reported on Jan. 22. The round was led by Bain Capital Crypto and Distributed Global, with participation from Galaxy Digital, Brevan Howard Digital and others. Superstate supports SEC-registered companies issuing digital shares directly without intermediaries, enabling IPOs on blockchains such as Ethereum and Solana with instant settlement and automated investor record updates.
Crypto
2025 digital assets wrap: Institutionalisation speeds up, stablecoin boom heats up
The digital asset market rose in 2025 as institutionalisation gathered pace, centred on the United States. Stablecoins shook markets at home and abroad as companies moved to use them in real-world finance, while policy moves in the United States underpinned expectations of deregulation. In South Korea, user protection rules took hold and a roadmap for corporate investment was presented, but broader legislation and stablecoin institutionalisation remained stalled. Tokenised treasuries and tokenised deposits gained traction.