Sonic turns to US expansion after token drops more than 60% in a year

CryptoSlate
CryptoSlate
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Sonic community members have voted in favor of a wide-ranging plan to expand into the United States and pursue deeper ties with traditional finance, according to an Aug. 31 statement.

According to the network, the proposal passed comfortably after more than 860 million S tokens were cast in support, well above the 700 million quorum level. That figure represented 55% of all staked tokens, reflecting strong engagement across the community.

This approval allows Sonic to direct resources toward launching a US subsidiary, creating an exchange-traded product, and strengthening its balance sheet through new financing structures.

Sonic eyes US presence

The plan establishes Sonic USA LLC, a dedicated entity that will focus on policy, market access, and investor outreach in the US.

The subsidiary has been authorized to issue 150 million tokens and oversee a $100 million private investment in public equity (PIPE) linked to Nasdaq markets.

The proceeds...

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