Sonic Labs To Abandon Plans For Algorithmic USD Stablecoin, Here’s Why
Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance. Sonic Labs Makes U-Turn Over Algorithmic USD Stablecoin In mid-March, Sonic Labs disclosed plans for a yield-generating algorithmic stablecoin