Token Exchange 【DISTORTED】BitMart 【SN3】KuCoin

Odaily Planet Daily reports that Sonic Labs (formerly Fantom) has officially launched its network-native stablecoin, US Sonic Dollar (USSD), serving as the core liquidity layer of the Sonic ecosystem. USSD is built on Frax Finance's GENIUS-compliant frxUSD infrastructure and is backed by institutional-grade reserves. Its reserve assets are pegged 1:1 to the US dollar and consist of tokenized US Treasury products provided by institutions such as BlackRock's BUIDL, Superstate's USTB, and WisdomTree. USSD aims to capture base layer yields and return them to the ecosystem for token buybacks and user incentives. The stablecoin supports zero-fee minting on more than 10 chains, including Ethereum, Base, and Arbitrum, via LayerZero. Users can exchange it 1:1 with assets such as USDC and USDT, and it supports flexible redemption across multiple chains via the CCTP protocol.

MyToken data monitoring shows that on 【March 12th, 09:50】 (Beijing Time), 【OKX.Hot Wallet_36659】 transferred 【82952501.3 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【82.79 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Huoxun Finance reported on March 12th that, according to CoinDesk, Travis Hill, Chairman of the Federal Deposit Insurance Corporation (FDIC), stated that under the GENIUS Act, stablecoin holders will not be eligible for any form of deposit insurance, including "transferred insurance" obtained by financial institutions on behalf of their clients. He pointed out that the GENIUS Act explicitly distinguishes stablecoins from bank deposits, which are guaranteed by the U.S. government up to $250,000. Hill explained that current transferred insurance rules require the ability to identify the end customer and their interests in day-to-day operations, a feature currently lacking in large stablecoin arrangements. Although stablecoins cannot obtain FDIC insurance, the law stipulates that they must maintain full reserves, protected by the issuer's own safeguards. Hill also stated that the FDIC is considering the issue of tokenized deposits, which are not addressed in the GENIUS Act, and believes that regardless of the technology or record-keeping methods used, tokenized deposits should be legally considered deposits and enjoy the same regulatory and deposit insurance treatment as non-tokenized deposits.

Huoxun Finance News, March 12th - According to The Block, Strive, a publicly traded Bitcoin treasury company, announced a 25 basis point increase in its SATA preferred stock dividend to 12.75%, and narrowed the price range from $95-$105 to $99-$101. SATA is a high-yield, perpetual preferred instrument backed by a Bitcoin treasury and traded on Nasdaq, mimicking the design of Strategy's STRC stock, which minimizes price volatility through an adjustable floating dividend rate. The company also increased its Bitcoin holdings to 13,311 (compared to 13,131.82 Bitcoins disclosed in January) and purchased $50 million worth of Strategy's perpetual preferred stock STRC (currently yielding 11.5%).