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

Sonic's US expansion plan seeks deeper ties with traditional finance and investor outreach while introducing a deflationary supply model.

Sonic’s logo is engraved into a marble sculpture before the Nasdaq building with the US flag waving - Cover art/illustration via CryptoSlate.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

$GCOIN Owns the House

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 will support balance sheet growth for a listed vehicle and provide liquidity for treasury purchases of S tokens on exchanges and through private deals.

In addition, $50 million has been earmarked for an exchange-traded fund tied to the S token. Sonic intends to work with a regulated ETF provider that manages more than $10 billion in assets, while BitGo will serve as custodian of institutional insurance and security protections.

Tokens allocated to these efforts will remain locked for at least three years, a measure designed to align incentives with long-term investors.

Fee mechanism

Alongside the US expansion, the community endorsed changes to the way fees are distributed on the network.

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Under the new framework, 90% of revenue from FeeM transactions will go to builders, 5% to validators, and the remaining 5% will be permanently removed from circulation.

For non-FeeM activity, half will be distributed to validators while the other half will be burned.

By combining revenue redistribution with higher burn rates, Sonic aims to curb inflationary pressure and gradually create a deflationary supply model.

The network supporters argue that the update will reward active participants while preserving long-term value for token holders.

Some also hope these developments will spark an upward swing for the digital asset, which has fallen more than 60% during the past year despite the broader bullish market sentiments.

$GCOIN Owns the House