Sonic Labs has abandoned its plans to introduce a US dollar-pegged algorithmic stablecoin, following backlash from the crypto community.

Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder ...

The UAE’s move mirrors a similar initiative in Saudi Arabia, where the Saudi Central Bank (SAMA) unveiled an official symbol ...

The United Arab Emirates is set to issue its own blockchain-backed central banking digital currency (CBDC) by late 2025.

UAE to launch Digital Dirham by 2025, enhancing financial security, cross-border payments, and digital transactions with CBDC ...

The International Monetary Fund (IMF) proposed a framework called “REDI” to deploy CBDCs and steps to promote the adoption of CBDCs. The international financial agency emphasised that raising ...

The CBUAE has unveiled a new symbol for the UAE's national currency, the Dirham, along with the announcement of the Digital ...

The United Arab Emirates (UAE) is set to launch its digital currency, the Digital Dirham, in the fourth quarter of 2025. This ...

XRP stands at a crossroads with regulatory clarity, stablecoin growth, and rising competition—explore its prospects and risks ...

GameStop's $1.3 billion Bitcoin investment sparks a 12% stock surge. Could this institutional move trigger the next major ...

Senator Ted Cruz has introduced a bill to prohibit the Federal Reserve from issuing a CBDC, weeks after Rep. Emmer introduced ...