Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Sonic Labs Shifts Focus to UAE Dirham Stablecoin Amid Criticism
According to Cointelegraph, Sonic Labs has decided to abandon its plans to launch a US dollar-pegged algorithmic stablecoin instead of developing a stablecoin denominated in the United Arab Emirates dirham. This strategic shift was announced by Sonic Labs co-founder Andre Cronje, who initially revealed the company's intention to create a US dollar-pegged stablecoin with an annual percentage rate (APR) of up to 23% on March 22. However, just a week later, Cronje announced a change in direction, stating in a March 28 post on X that the firm would no longer pursue the USD-based algorithmic stablecoin. Instead, Sonic Labs plans to release a mathematically bound numerical Dirham, which will be settled and denominated in USD, but not classified as a USD-based algorithmic stablecoin