• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Sonic Labs Abandons USD for UAE Dirham

Sonic Labs Abandons USD for UAE Dirham

user avatar

by Giorgi Kostiuk

a year ago

Sonic Labs announces a shift from USD stablecoin to UAE dirham, adapting to new market demands.

Sonic Labs Prioritizes UAE Dirham for Stability

The transition occurs as Sonic Labs seeks to enhance stability. The move supports regional currency preferences, reflecting the company's dynamic shift. This change comes amidst global stablecoin regulatory discussion.

Potential Market Reactions to Dirham Switch

The shift could affect market participants relying on USD-pegged assets. Investment strategies might adapt, leveraging the UAE dirham's economic stability. Early opinions show anticipation, reflecting mixed industry sentiments.

Currency-Pegged Changes Signal Global Trends

Historically, currency-pegged changes evoke shifts in the crypto sector. Other firms have made similar moves to tap into undeveloped markets. Forecasts suggest the UAE dirham's elevation could streamline international transactions.

We are no longer planning to release a USD-based algorithmic stablecoin.Andre Cronje, Co-founder, Sonic Labs

Sonic Labs' strategy change highlights the importance of adapting to regional markets and its potential impact on global financial strategies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Citigroup Raises Nvidia Stock Price Target to $270

chest

Citigroup has raised its price target for Nvidia stock to $270, anticipating strong revenue growth and performance in the AI sector.

user avatarJesper Sørensen

Robert Kiyosaki Predicts Market Slide and Advocates for Accumulation

chest

Robert Kiyosaki anticipates a significant market downturn and encourages investors to buy assets like Bitcoin and Ethereum during market panic.

user avatarRajesh Kumar

Legal Challenges Emerge for Crypto Platforms Amid Regulatory Scrutiny

chest

Legal challenges arise for crypto platforms in the US as state regulators take action against unlicensed wagering, leading to disputes over contract classification.

user avatarLucas Weissmann

Simon Dixon Critiques Ripple and XRP's Impact on Bitcoin

chest

Simon Dixon critiques Ripple and XRP for undermining Bitcoin's purpose, describing XRP as a psyop that causes division in the crypto community.

user avatarFilippo Romano

Steak n Shake Reports Increased Sales After Accepting Bitcoin Payments

chest

Steak n Shake has reported increased same-store sales after accepting Bitcoin payments since May 2025.

user avatarTomas Novak

BNB Chain Enhances Ecosystem with New AI Agent Standards

chest

BNB Chain has rolled out support for AI agent standards ERC8004 and BAP578 to enhance the identity and functionality of autonomous AI agents.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.