The Sonic ecosystem, supported by Andre Cronje, has seen its stablecoin supply surge by 106% to $252 million over the past seven days. This growth positions Sonic as one of the leading Layer 1 (L1) platforms for stablecoin expansion, with USDC comprising 77.21% of the stablecoin volume. Additionally, $195 million worth of stablecoins have been locked within the Sonic ecosystem. Sonic's stablecoin market cap has surpassed $250 million within three months of its launch, indicating robust growth. The ecosystem's total value locked (TVL) has increased to $750 million, highlighting its rapid expansion and the community's growing interest. In related developments, Ethena Labs has raised $100 million from investors including F-Prime, Franklin Templeton, Pantera Capital, and Polychain. This funding underscores the increasing interest and investment in stablecoin projects, with Ethena's USDe now being the third largest stablecoin by market cap. Binance, a major cryptocurrency exchange, reported an increase in user assets in its 28th proof of reserves, with USDT assets rising by 7.45% to $29.4 billion since the last report in February. This surge reflects the continued growth and adoption of stablecoins within the broader cryptocurrency market.