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Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why!

Coinpedia LogoCoinpedia2d ago

Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why! - Coinpedia

Quick Summary:

The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham.

The US government is actively working on stablecoin regulations through the GENIUS Act and the STABLE Act.

The $40 billion crash of Terra’s UST stablecoin wiped out billions in investor funds, triggering global concerns about such assets.

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Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why! - Coinpedia (Picture 1)

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 16:31:15 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 27403077

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About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 2 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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The story "Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why!" was covered 2 days ago by Coinpedia, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 2 news stories per day.

It's most recent story was published 20 hours ago.

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  • News ID: #27403077
  • URL: https://beamstart.com/news/sonic-labs-drop-usd-stablecoin-17432661413790

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