Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham.

Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance.

Sonic's recent network upgrade and strong market sentiment could lead to a potential rally despite recent losses.

A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA).

March proved to be a challenging month for many altcoins, with several experiencing sharp corrections. However, as Q2 2025 approaches, some tokens are positioned to benefit from potential improvements in market conditions.

Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000.

Mantra (OM) is down 20% over the last 30 days and 5% today. Despite this recent correction, it remains the second-largest RWA (real-world asset) token in the market.

Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic's native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token's global adoption.

Mantra could possibly be gearing up for a price surge with analysts pointing to strong bullish momentum. According to crypto analyst Ali Martinez, whales have accumulated over 130 million OM in the past 20 days. This substantial buying activity signals confidence among large investors, often a precursor to massive price increases.

Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users due to UST's 2022 collapse.

Sonic's on-chain activity and its DeFi ecosystem have seen unprecedented growth since the upgrade.

OM's price might be in line for a very interesting direction soon.

Sonic's S has emerged as the market's top performer in the past 24 hours, surging by 6% as bullish momentum builds.

Sonic could rally nearly 30% from its current price, driven by the launch of its virtual payments card and its expansion in DeFi through new partnerships.

Mantra (OM) has extended its rally, climbing 12% in the past week and securing its position as the second-largest real-world asset (RWA) token by market capitalization. Now valued at approximately $6.8 billion, Mantra is closing in on Chainlink (LINK) in the sector.

Mantra price has continued its upward trajectory, rising 12% in the last week to take the second spot among Real World Asset tokens in terms of market capitalization. Now boasting a market cap of approximately $6.

Mantra (OM) is up more than 10% in the past seven days, taking place as the second-largest Real World Asset (RWA) token by market cap. With a market cap of around $6.8 billion, OM is gaining momentum and attracting attention in the RWA space.

Mantra's price bounced back this week, with the ongoing drop in exchange balances signaling more potential gains.

The crypto market is bracing for major token unlocks over the next seven days, which could lead to more volatility ahead.

MANTRA OM price surges despite the downtrends, making OM token rank as the top-performing crypto of 2025. But what about the MANTRA OM price prediction for March 2025?

The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%.

XRP price has risen this week after falling to a crucial support level that could determine its trajectory this month. With Ripple showing strength above $2.3, here are some of the top XRP rivals that could benefit even if the US government shuts down tomorrow.

The cryptocurrency market has seen a slight recovery, with Ethereum prices hovering around $1,900. This follows a recent surge of 1.81% in the ETH coins market capitalization in the last 24 hours.

RWA tokens

The $4 million OI increase and uptick in spot demand could see Sonic make a short-term price bounce toward $0.5.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

Sonic's near term price action could get worse and worse.

Cryptocurrency prices held steady on Thursday as investors waited for the upcoming nonfarm payrolls (NFP) and the Trump crypto summit. The total market cap of all coins rose by 2.8% to $2.98 trillion. Bitcoin held steady above the key resistance level at $90,000, while popular coins like Ondo Finance and Gala soared.

Mantra, a blockchain platform specializing in real-world asset tokenization, has become the first DeFi project to secure a license from Dubai's Virtual Assets Regulatory Authority (VARA).

A new insight from an IntoTheBlock (ITB) chart tracks the number of Bitcoin, Tron and other altcoin holders in profit based on their purchase price. If a high percentage of addresses are in profit, it means the coin has performed well over time.

John Patrick Mullin is a Hong Kong-based entrepreneur and builder, focused on DeFi, blockchain technology, digital assets, and Web3. He is currently the CEO and co-founder of MANTRA, a Layer 1 blockchain for RWA tokenization, and SOMA.finance.

Mantra (OM), a cryptocurrency known for its decentralized finance (DeFi) ecosystem, has seen a dramatic increase in whale accumulation, fueling both optimism and caution within the market. In just four days, whales amassed 20 million OM tokens, valued at $143.1 million, which could signal a strong belief in the token's long-term potential.

Whale accumulation raises optimism, but technical and liquidation data hint at possible correction.

Sonic (S), the rapidly growing digital asset, is witnessing a resurgence in investor interest, with significant accumulation from large investors driving its price movement. Over the past 48 hours, Sonic has seen an uptick in its price by over 2%, bringing its current value to $0.72.

Sonic could make an extra push, forming a new high.

Mantra (OM) has captured the attention of the cryptocurrency community with a remarkable 57.85% increase in its price over the past month. While this price surge has provided a glimmer of hope for OM holders, there's growing concern regarding the network's adoption.

It is an interesting time if you are holding on to your OM bags.

Cryptos like ONDO, OM, and XYZ are showing recovery, while Solana and Cardano face declines in the market. #partnercontent

OM records a major spike in transfer volume, while the token's price hovers around $7.37.

March 2025 could bring significant price movements among top Real-World Assets (RWA) altcoins. ONDO is attempting a recovery after a sharp decline, while TRADE struggles at its lowest levels since November 2023.

Sonic [S], previously known as FTM, has seen a sharp decline of 17.22% in the last 24 hours after weeks of steady gains. This sudden downturn has caused concerns among traders as liquidity outflows surge and market sentiment turns increasingly bearish.

Mantra (OM) has recently become a key player in the real-world asset (RWA) token sector, witnessing a remarkable 185% increase in value over the past 30 days.

Sonic drops 17% as liquidity outflows surge, open interest declines, and traders brace for more losses.

The crypto market downfall results in a minor pullback in Mantra (OM) price. As the breakout run continues the higher low trend, the rising network activity hints at an extended rally. Will the underlying support drive the OM price to $10?

Mantra (OM) is one of the rare tokens with a near-vertical price move. OM has not seen a correction since November 2024, but may feel pressure from the recent deposits to exchanges.

Story (IP), Sonic (S), and Hyperliquid (HYPE) are the top three altcoins to watch for the last week of February. Story has surged by 140% in the past seven days, driven by its focus on programmable intellectual property, positioning it as a leading artificial intelligence coin.

While Mantra (OM) continues to push new highs with its latest peak, FOMO may give way to a reversal as fears of a potential top emerge. The post Is It Too Late to Buy MANTRA? Real World Asset Coin Hits New All-Time High appeared first on Cryptonews.