Sonic (S) Slides 4.4% As Curve Finance Ranks It No.1 In Stablecoin Yields

• Sonic price drops 4.4% to $0.303 as market downturn wipes out recent gains despite ecosystem momentum.
• Curve Finance crowns Sonic No.1 in stablecoin yields, outpacing Ethereum and Solana in yield rankings.
• GENIUS Act reshapes stablecoin landscape, setting clear rules for stablecoins and potentially accelerating Sonic’s adoption.

Sonic price has dropped 4.4% in the last 24 hours to trade at $0.303 as of 7:13 a.m. EST on a 1.1% surge in trading volume to $96.1 million. S price saw positive momentum from ecosystem updates and partnerships, reaching a weekly high on September 9. However, a general market downturn erased these gains.

Curve Finance Ranks Sonic Chain No.1 In Stablecoin Yields

Despite the fall in price, Sonic emerged as the no.1 chain in stablecoin yields, according to a ranking by Curve Finance, a leading decentralized exchange for stablecoin trading.

This highlights Sonic’s dominance over chains like Ethereum and Solana, boosting its DeFi profile.

ADVERTISEMENTMeanwhile, Stablecoins just had another record month, with transaction volume processed surging to $.5.3 trillion in August, the most ever in a single month.

This volume surge, driven partly by Circle’s USDC hitting a record $71.4 billion supply, underscores the sector’s explosive growth.

GENIUS Act Resets Stablecoin Compliance

The surge in Sonic chain adoption further aligns with the recent passage of the GENIUS Act in the U.S., signed by President Donald Trump, marking a historic shift in crypto regulation.

ADVERTISEMENTThe Act establishes clear guidelines for stablecoins, aiming to enhance consumer protection and global financial stability. Analysts note the Act’s timing could influence Sonic’s trajectory, as it navigates increased regulatory scrutiny alongside its yield leadership

Sonic’s integration of native USDC and CCTP V2, live since May 2025, supports fast cross-chain transfers and CEX compatibility, per the Sonic Labs blog.

The legislation’s 28% year-over-year increase in stablecoin usage, surpassing Visa and Mastercard transaction volumes in 2024, signals a broader market transformation.

The GENIUS Act’s global implications are under discussion, with the EU and Hong Kong also advancing stablecoin regulations, potentially affecting Sonic’s international adoption as the fastest and most rewarding chain to hold stablecoins on.

Curve Finance’s ranking, based on a $1.1 billion market cap, reflects its role as a top automated market maker, per CoinGecko data.

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