Sonic Labs shifts focus to a UAE dirham-backed stablecoin, avoiding algorithmic risks.
The UAE’s digital dirham rollout in 2025 influences Sonic Labs’ new stablecoin strategy.
Regulatory concerns led Sonic Labs to abandon USD stablecoin and opt for UAE dirham.
Sonic Labs drops plans for a USD algorithmic stablecoin and instead plans to launch a stablecoin linked to the United Arab Emirates dirham, aligning with the forthcoming digital dirham launch in late 2025.