The post Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why! appeared first on Coinpedia Fintech News
Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham. Sonic Labs’ Sudden U-Turn Just a week after hinting at …
