Sonic Labs Ditches USD Stablecoin for UAE Dirham Amid Regulatory Shifts
Sonic Labs Abandons USD Stablecoin Amid Regulatory Hurdles, Shifts Focus to UAE Dirham Sonic Labs has ditched its plans for a USD-backed algorithmic stablecoin, choosing instead to pursue a UAE dirham-backed alternative. This strategic pivot comes as the U.S. tightens its grip on crypto regulations, while the UAE prepares for its blockchain-based digital dirham initiative. […]
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