Sonic Labs launched its native USD stablecoin USSD on March 9, based on Frax infrastructure, supporting cross-chain minting. Its reserve assets are backed 1:1 by USD assets. Users can mint without fees through non-custodial smart contracts, with the proceeds used to support ecosystem incentives.

Odaily Planet Daily reports that Sonic Labs CEO Mitchell Demeter has announced his departure on his personal X account: "I have left Sonic Labs. Although I was there for a short time, I am grateful for the experience and wish the company all the best." Mitchell Demeter took office last September. His activity on social media has been relatively infrequent, and this departure announcement is his first post in 2026.

Sonic Labs releases 2026 ecosystem update, with the CEO and business head having resigned and being temporarily replaced by the board. The company's funding allocation is diverse, with S tokens totaling 127 million. The AI smart contract generation platform is currently in testing, with FeeM distributing over 2.6 million S tokens, focusing on long-term ecosystem development and adjusting the rebate structure.

PANews February 20 News, according to Sonic Labs announcement, Spawn will package "describe requirements → automatically generate and deploy contracts + frontend + wallet connection" into an all-in-one process, supporting rapid deployment on Sonic Chain; a preview demonstration was showcased at ETHDenver 2026, with closed testing about to begin, and whitelist registration now open.

Sonic Labs issued a statement regarding comments about Andre Cronje and the Sonic network, stating that Andre did not design the initial tokenomics nor does he have sole control over the development fund. After joining in 2018, he rebooted Fantom, promoted technological and funding expansion, and no misappropriation of funds occurred.

Gate News Bot Message, February 12, according to CoinMarketCap data, as of press time, S (Sonic) is currently trading at $0.05, up 20.82% in the past 24 hours, reaching a high of $0.05 and a low of $0.04. The 24-hour trading volume is $51.4 million. The current market capitalization is approximately $141 million, an increase of $24.3 million from yesterday. Sonic is the most powerful EVM Layer 1 public chain, integrating speed, incentive mechanisms, and world-class infrastructure. The network features truly sub-second confirmation times, transaction speeds exceeding 400,000 transactions per second, and an average transaction cost of only $0.001.

Sonic plans to enhance the value mechanism of its native token S through self-building and acquisitions of core protocols and infrastructure, with a focus on token utility and liquidity. The team acknowledges that traditional models are difficult to sustain and will build a new ecosystem to adapt to the development of public chains and improve value capture channels.

Sonic Labs founder Andre Cronje announced that the derivatives platform flyingtulip has launched ftUSD and margin accounts for the first time, providing full-chain liquidity support and leveraged spot trading, aiming to innovate trading and liquidity services.

BlockBeats News, January 18 — Sonic stated, "As planned, through permissionless smart contract execution, 16,027,929.41 S tokens have been successfully burned. These tokens are unclaimed allocations from the first season airdrop."

Odaily Planet Daily reports that Sonic posted on the X platform stating that in early November 2025, Beets experienced a vulnerability attack. The Sonic Labs team successfully recovered 5,829,196 S and has now proportionally distributed the funds to all affected users.