Tagged: Sonic Labs

DeFi Developer Andre Cronje Steps Down from Sonic Labs Board with Two Others as S Token Plummets 97% from All-Time High

As part of a recent, notable shift for the Sonic blockchain project, three founding board members—including DeFi developer Andre Cronje—have resigned from Sonic Labs. The move coincides with the project’s native S token trading roughly 97% below its all-time high, highlighting ongoing challenges in a… Read More

Sonic Labs Launches USSD Stablecoin

This week, Sonic Labs introduced USSD, a U.S. Treasury–backed stablecoin designed to serve as the native source of stable liquidity across the Sonic network and support on-chain financial activity throughout its ecosystem. It is is built on Frax’s GENIUS-compatible frxUSD stablecoin infrastructure, providing Sonic with… Read More

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