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Andre Cronje teases algorithmic stablecoin on Sonic with projected 19%+ APY – TON BOT

Andre Cronje teases algorithmic stablecoin on Sonic with projected 19%+ APY

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Sonic co-founder Andre Cronje plans to launch a new algorithmic stablecoin on the network offering over 19% APY at $1 billion TVL. Despite concerns about past scandals, Cronje shared technical benchmarks indicating high yield potential. The stablecoin’s mechanics are undisclosed, but it will have a variable-rate return system based on liquidity tiers. Sonic aims to optimize financial applications in its ecosystem, targeting the $230 billion stablecoin market dominated by USDT and USDC. New entrants like USDe are also gaining traction.

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