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Sonic Blockchain Pushes Ahead with 23% High-Yield Algorithmic Stablecoin

  • Sonic Blockchain is developing an algorithmic stablecoin with potential annual yields exceeding 23%.
  • Sonic achieves 720ms transaction finality, making it the fastest Ethereum Virtual Machine chain.
  • Trading activity for LUNA, a cryptocurrency that experienced a 98% decline, recorded $21 million in volume.
  • Despite regulatory challenges and the previous collapse of Terra-Luna cryptocurrencies, Sonic Blockchain continues its stablecoin development.

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