ECNETNews reports that Sonic Labs has introduced support for the bridged version of Circle’s stablecoin, USDC, on its Ethereum virtual machine layer-1 chain, Sonic.
The newly launched USDC.e stablecoin on Sonic, which is bridged from the native USDC on Ethereum via the Sonic Gateway, is now operational. Sonic plans to utilize Circle’s bridged USDC standard to enhance its ecosystem.
By incorporating bridged USDC, Sonic aims to leverage the stablecoin’s strengths to stimulate developer engagement. This bridged version is designed to minimize liquidity fragmentation for newly launched networks, potentially facilitating a future transition to native support.
Advantages of Bridged USDC
The implementation of bridged USDC enables developers to create decentralized applications on Sonic without the need for code modifications during network upgrades to native USDC.
This approach not only enhances the user experience on decentralized exchanges but also offers advantages in liquidity provision and payment solutions within the ecosystem.
In recent efforts to boost USDC adoption, Circle has formed a strategic partnership with a leading cryptocurrency exchange. Additionally, after securing regulatory approval, the USDC issuer has achieved a significant milestone by becoming the first to comply with new regulations in Canada.
Sonic network users can obtain bridged USDC from Ethereum through the Sonic Gateway, as well as from Solana and Fantom via deBridge. Bridging options are also available from various blockchains and decentralized exchanges to Sonic.
In December 2024, Sonic Labs announced that its integration proposal with Aave successfully passed the temp check stage. The network has also established significant partnerships with notable entities in the crypto space, such as Curve Finance, KyberSwap, and Sushi, while multiple exchanges are preparing for FTM to S migration support.
