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Sonic Labs Drops USD Algorithmic Stablecoin Plans, Eyes UAE Dirham Launch

  • 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.

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