Gate News report: On March 25, Sonic official announced that the block explorer Sonicscan came back online and completed full synchronization approximately 45 minutes ago. During this period, the Sonic network maintained normal operation throughout, with transaction processing and user fund security unaffected in any way. The team is currently conducting a post-mortem review of the incident and will disclose more details after reaching clearer conclusions.

Sonic Labs launched US Sonic Dollar (USSD) on March 12 as the core liquidity layer. This stablecoin is built on Frax Finance's compliant infrastructure and supported by multiple institutions. It is pegged 1:1 to the US dollar and aims to enhance ecosystem yields while supporting cross-chain fee-free minting and flexible redemption.

Sonic Labs issued a statement on March 11, stating that they are conducting on-chain token integration activities involving large transactions and fund transfers, emphasizing that this transaction does not involve token sales and that user funds are secure. This activity is part of the cleanup phase after the dual-network migration.

Sonic token recently found support at $0.03, and the RSI shows a bullish divergence, indicating weakening downside momentum. If the support remains effective, the price could rebound to $0.04. Both technical and fundamental analyses show positive signals, but if the key support is broken, bears may regain control.

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.