Sonic Labs announced that the Ethereum Sonic Virtual Machine Layer 1 chain now supports the bridged version of Circle stablecoin USDC.
The stablecoin USDC.e on Sonic, bridged from native USDC (USDC) on Ethereum via Sonic Gateway, is now available on EVM L1. Sonic will leverage Circle’s bridged USDC standard, according to an announcement from the platform.
By integrating bridged USDC, Sonic aims to bring the benefits of stablecoin to its ecosystem and help boost developer activity. Bridged release allows newly launched networks to reduce liquidity fragmentation and often leads to an eventual upgrade to native support.
Why bridge USDC?
With bridged USDC, developers can build decentralized applications on Sonic with contract addresses that will remain even when the network switches to native USDC.
Bridged USDC means no code changes during potential native support. Users of the ecosystem will also benefit from a better experience when trading tokens on decentralized exchanges and access the benefits of liquidity provision and payments.
Circle recently partnered with Binance, the world’s largest cryptocurrency exchange by volume, to accelerate USDC adoption. And after obtaining MiCA registration, the USDC issuer reached another milestone by becoming the first issuer to comply with the new Canadian regulations.
Sonic Network users can bridge USDC from Ethereum via Sonic Gateway; by Solana and Fantom via deBridge. USDC bridging is also available from other blockchains and DEXs to Sonic.
In December 2024, Sonic Labs announced that L1’s proposed Aaave integration had passed the temporary verification stage. During this time, Sonic has hosted key partnerships including with Curve Finance, KyberSwap and Sushi. Several exchanges have also announced support for FTM to S migration.
