Latest News and Articles about USD Stablecoin

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. […]