Tag: Sonic

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Sonic Labs Founders Including Andre Cronje Quit Board as New CEO Pledges to Get ‘1% Better’ Daily

Andre Cronje, Michael Kong and David Richardson are stepping down from the board of the Layer 1 blockchain, whose token has fallen about 97%...

Sonic Launches USSD Stablecoin With Institutional-Grade Backing

Sonic has introduced USSD, a network-native dollar stablecoin designed to serve as the primary liquidity layer across its ecosystem. Built using Frax infrastructure and...

Sonic Labs Unveils USSD Stablecoin as Network Looks to Reverse Decline

Sonic’s TVL has plunged to just $34 million, down 97% from its May 2025 peak. Sonic Labs has introduced the US Sonic Dollar (USSD),...