Sonic Labs取消Dollar-Peggged算法Stablecoin發射，選擇阿聯酋Dirham替代品

輸入：Labs已取消計劃推出一款美元的算法穩定劑的計劃，而是選擇開發以迪拉姆（Dirham）為基礎的阿拉伯聯合酋長國替代方案。

Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin and will instead be developing a United Arab Emirates dirham-denominated alternative.

Sonic Labs已取消計劃推出一款美元的算法Stablecoin，而是將開發以迪拉姆（Dirham）為基礎的阿拉伯聯合酋長國替代方案。

On March 22, Sonic Labs co-founder Andre Cronje said the company was working on an annual percentage rate (APR) of up to 23% with the US dollar-pegged algorithmic stablecoin, according to a direct translation.

3月22日，Sonic Labs聯合創始人Andre Cronje表示，根據直接翻譯，該公司的年度百分比（APR）最高可達23％。

However, one week later, the firm reversed course.

但是，一周後，該公司扭轉了課程。

“We will no longer be releasing a USD based algorithmic stable coin. Completely unrelated, we will be releasing a mathematically bound numerical Dirham which is settled and denominated in USD, which is definitely not a USD based algorithmic stable coin,” said Cronje in a March 28 X post.

Cronje在3月28日X文章中說：“我們將不再發布基於美元的算法穩定硬幣。完全無關，我們將釋放數學上約束的數值Dirham，該數值dirham已在USD中定居並分配，這絕對不是基於美元的算法穩定的穩定幣。”

The shift in strategy comes shortly after the UAE announced it would launch its digital dirham central bank digital currency (CBDC) in the fourth quarter of 2025.

戰略的轉變發生在阿聯酋宣布將於2025年第四季度推出數字迪拉姆中央銀行數字貨幣（CBDC）。

The digital dirham will be based on blockchain technology and aims to enhance financial stability and help combat financial crime, said Khaled Mohamed Balama, governor of the Central Bank of the UAE. It will also be accepted alongside its physical counterpart in all payment channels, according to a report by Khaleej Times.

阿聯酋中央銀行州長哈立德·穆罕默德·巴拉馬（Khaled Mohamed Balama）表示，數字迪拉姆將基於區塊鏈技術，旨在提高金融穩定並幫助打擊金融犯罪。根據Khaleej Times的一份報告，它也將在所有付款渠道中與其物理同行一起接受。

Sonic faced criticism over stablecoin plans

Sonic面臨對Stablecoin計劃的批評

The announcement follows widespread criticism of Sonic’s original plan to launch an algorithmic stablecoin — a model that has raised concerns across the crypto industry since the collapse of the Terra ecosystem in 2022.

該公告是對Sonic推出算法Stablecoin的最初計劃的廣泛批評，這種模型自2022年Terra生態系統崩潰以來引起了整個加密貨幣行業的關注。

Cronje himself previously admitted to experiencing Post-traumatic stress disorder (PTSD) related to algorithmic stablecoin due to previous cycles:

克朗傑（​​Cronje）本人以前承認由於以前的周期而患有與算法stablecoin有關的創傷後應激障礙（PTSD）：

In May 2022, the $40 billion Terra ecosystem collapsed, erasing tens of billions of dollars of value in a matter of days. Terra’s algorithmic stablecoin, TerraUSD (UST), had been yielding over a 20% annual percentage yield (APY) on Anchor Protocol prior to its collapse.

2022年5月，這項耗資400億美元的Terra生態系統崩潰了，幾天之內消除了數十億美元的價值。 Terra的算法Stablecoin Terrausd（UST）在錨固方案倒閉之前，在錨固方案上的年收益率（APY）超過20％。

As UST lost its dollar peg, crashing to a low of around $0.30, Terraform Labs co-founder Do Kwon took to X (then Twitter) to share his rescue plan. At the same time, the value of sister token LUNA — once a top 10 crypto project by market capitalization — plunged over 98% to $0.84. LUNA was trading north of $120 in early April 2022.

當UST失去了美元釘時，Terraform Labs聯合創始人Do Kwon乘坐X（然後是Twitter）分享了他的救援計劃。同時，曾經是市值的十大加密貨幣項目的姐妹令牌Luna的價值跌至98％以上，至0.84美元。露娜（Luna）在2022年4月上旬以120美元的價格交易。

The collapse of the algorithmic stablecoin issuer created shockwaves among both crypto investors and lawmakers.

算法穩定發行人的崩潰在加密投資者和立法者之間引起了衝擊波。

To reduce systemic risk, the European Union’s Markets in Crypto-Assets Regulation (MiCA) bill will prohibit algorithmic stablecoins to avoid another Terra-like failure.

為了降低系統性風險，歐盟在加密資產管理法規（MICA）法案中的市場將禁止算法穩定穩定性，以避免另一個類似Terra的失敗。

Meanwhile, stablecoins are increasingly being used for smaller, everyday payments rather than large transfers, according to CoinFund managing partner David Pakman.

同時，據CoinFund執行合夥人David Pakman稱，Stablecoins越來越多地用於較小的日常付款，而不是大型轉移。

“We’ve seen a significant decrease in the size of each stablecoin transaction, which points to the fact that they are being used more as payments and less for large transfers,” Pakman said during Cointelegraph’s Chainreaction live show on X on March 27.

帕克曼在Cointelegraph在3月27日X上的Chainreacheaction Live Show中說：“我們已經看到，每項Stablecoin交易的規模顯著減少，這表明它們被用作付款，而對大型轉移的使用量更少。”