Sonic Labs cancels its USD algorithmic stablecoin and pivots to a UAE dirham-backed stablecoin, aligning with the UAE’s 2025 digital currency rollout.
algorithmic stablecoin
Sonic Blockchain Pushes Ahead with 23% High-Yield Algorithmic Stablecoin
Sonic Blockchain develops a high-yield algorithmic stablecoin with up to 23% APR, navigating challenges from the Terra-Luna collapse and regulatory concerns.
Potential outlaw of Algorithmic Stablecoins: US Government
Regulators from all over the world were informed of the demise of Terra and its algorithmic stablecoin TerraUSD. These assets’ low volatility did not present a problem in the past. After the Terra disaster, things, however, changed drastically. Stablecoins are already being considered as part of existing rules in nations like South Korea and others. […]