Sonic Labs Transitions From Algorithmic USD Stablecoin to UAE Dirham Alternative

Sonic Labs Transitions From Algorithmic USD Stablecoin to UAE Dirham Alternative.jpg

Sonic Labs has made a significant pivot in its cryptocurrency strategy, abandoning plans for a US dollar-pegged algorithmic stablecoin in favor of a new stablecoin denominated in the United Arab Emirates dirham. This decision comes amid growing scrutiny of algorithmic stablecoins following past market failures.

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