NOT AGAIN

In a Nutshell: Sonic Labs hints at the launch of a new algorithmic stablecoin.
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Andre Cronje, co-founder of Sonic Labs and an active mind in the crypto space, has posted on X that his team might have solved the riddle of algorithmic stablecoins.
Yes, the very same ones that crashed in 2022 with the TerraUSD (UST) drama and its $40 billion ecosystem, including the famous TerraLUNA.
Cronje admits he still has PTSD from that, but it seems he's itching to give it another try.
Unlike USDT or USDC, which are backed by real reserves, algo stables use on-chain magic to balance supply and demand.