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Lawmaker Reintroduces Anti-CBDC Surveillance State Act to Block Digital Dollar

A revived bill seeks to block a U.S. central bank digital currency, with backers warning it could become a surveillance tool that erodes financial privacy. Digital Dollar Faces New Roadblock as Congress Revives Anti-CBDC Bill Congressman and Majority Whip Tom Emmer (R-MN) announced on March 6 that he has reintroduced the Anti-CBDC Surveillance State Act, CoinOtag

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Sonic’s Stablecoin Surge and Record TVL Set the Stage for Continued Growth

Sonic, a decentralized finance (DeFi) project supported by the famous DeFi architect Andre Cronje, has recently been in the news for its impressive developments in both stablecoin issuance and total value locked (TVL). As DeFiLlama reported earlier today, the stablecoin ecosystem of Sonic has seen a remarkable 106% increase over the last seven days, reaching a total of $252 million in stablecoins. According to DeFiLlama, the stablecoin scale of the Sonic supported by Andre Cronje has increased by 106% to $252 million in the past 7 days, making it one of the L1s with the largest stablecoin growth, of which USDC accounts for 77.21%. However, $195 million worth of stablecoins… — Wu Blockchain (@WuBlockchain) March 7, 2025 This rapid expansion not only has Sonic approaching $1 billion in total value locked (TVL), now at $948 million per DeFiLlama, but it has also put the project in a position as one of the layer-1 (L1) protocols seeing the largest growth in stablecoin adoption! The growth of stablecoins is especially pronounced in the case of Sonic’s ecosystem, where the majority—$195 million—of its stablecoin assets are bridged stablecoins. These are digital assets moved across different blockchains, typically from one layer-1 network to another. This growth underscores not only the adoption of Sonic’s protocol by the DeFi community but also the burgeoning demand for cross-chain interoperability. Sonic’s Record TVL and $S Price Outlook Along with the enormous increase in stablecoin use, Sonic achieved another huge landmark—its total value locked (TVL). As of yesterday, it hit an all-time high (ATH) of $750 million. But what does this really mean? The long-standing “DeFi is dead” narrative continues to bubble across crypto Twitter. Yet despite the absolutely horrid state of the crypto markets, Sonic (and other EVM-compatible protocols) are raising millions (or billions) of dollars across TVL. So, is DeFi truly dead? Don`t get all carried away by the Trump hype @SonicLabs TVL hit an ATH of $750M yesterday. And I couldn`t help but notice the obvious contrast between the TVL and DEX trading volume. Could it be that people are avidly staking, because of the $S Point airdrop, or is there… https://t.co/RuVyHr0nnf pic.twitter.com/WsYcu8IIUk — Brill (@thenameisbrill) March 7, 2025 Sonic’s native token, $S, is influenced directly by the TVL growth. It is presently trading at $5. Simultaneously, the token has been on a substantial increase path as the platform’s TVL has been encountering serial all-time highs. If the current pace holds, the platform’s total value locked could easily challenge the $1 billion mark by the end of Q1 2025. If $S has even a shallow reversion to the $1 level, that would mark a 100% increase over the next 16 months for the token. This possibility for growth illustrates the wider trend in DeFi, where platforms with robust liquidity and utility see both their TVL and token prices rise as they keep building out their ecosystems and recruiting fresh users. The surety that Sonic has shown in its aptitude for rapid scaling is becoming ever more apparent, and it seems that investors are starting to pay attention. A Competitive Edge in Stablecoin Adoption and Cross-Chain Interoperability Sonic is not your average DeFi platform, and that is readily apparent as soon as one starts to explore its myriad features and functions. Unlike many DeFi protocols that have become far too entangled in their own complexities, Sonic has remained refreshingly straightforward. Indeed, its very genesis was rooted in concepts of simplicity and usability. Moreover, Sonic continues to differentiate itself in the activities it engages in and the market segments it focuses on. Most notably, this is the case with stablecoins. The fact that $195 million of Sonic’s stablecoins are bridged assets speaks to the platform’s rising stature as a cross-chain destination. Bridged stablecoins let you move assets freely between different blockchains—an ability that is crucial in a multi-chain ecosystem like the one currently developing in DeFi. That unfettered movement of liquidity across chains is in itself a competitive advantage, and the same is true for using Sonic as a pathway to that liquidity. Additionally, Sonic enjoys the backing of Andre Cronje, one of the most important people in the DeFi space. From a pure credibility standpoint, it is tough to argue in favor of any projects that Cronje is not involved with. His influence and past success with projects like Yearn Finance and Keep3rV1 help make Sonic appear more credible to potential investors. Of course, appearance and reality overlap at some level, and having someone with Cronje’s clout associated with your project undoubtedly helps. But is Sonic pumped up by Cronje’s association? Unlikely. Cronje himself is too busy to get involved in pumping and dumping projects. The Road Ahead for Sonic The forward-moving Sonic has established both stablecoin growth and total value locked (TVL) in its system as advantageous, secure features of its platform. The current trend, which sees stablecoins deployed across multichain systems, is still in its infancy. Yet, if it were to continue (which seems to be a strong possibility), Sonic could be a DeFi player with stablecoins valued at about $1 billion by the end of the first quarter. That could very well add upward pricing momentum to the prover $S. DeFi is developing into a clear sector of the crypto market, and we are starting to see reasonable levels of competition between different DeFi protocols. In this increasingly competitive space, some projects do seem to warrant a closer look based on their growth rates and certain potentially compelling aspects of their setups. One such project is called Sonic. Sonic’s appearance in the scene has been something of a whirlwind, with its stablecoin issuance and total value locked in (TVL) growing at a staggering clip. To sum up, Sonic’s latest results in stablecoin proliferation, TVL, and $S token price action show that the project is on a clear upward trajectory. If it can keep up the pace, Sonic seems set to keep galloping right along and possibly become a major player in the DeFi ecosystem. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: tonefotografia/ 123RF CoinOtag