Français
Português
Indonesia
Tagalog
Malaysia
हिन्दी
বাংলা
中文 (中国)
Tiếng Việt
Sonic Labs has officially integrated the bridged version of Circle’s USDC stablecoin into its Ethereum Virtual Machine (EVM) layer-1 blockchain, Sonic. The bridged USDC, also known as USDC.e, has been made available on Sonic via the Sonic Gateway, allowing users and developers to leverage the benefits of Circle’s popular stablecoin within the Sonic ecosystem.
The integration of bridged USDC aims to bring several key advantages to Sonic, such as helping to address liquidity fragmentation, which is common in newly launched networks. By using USDC.e, developers can build decentralized applications (dApps) on Sonic without worrying about future network upgrades or potential changes in token standards. This also ensures that contract addresses for dApps remain consistent, even if the network eventually supports native USDC.
The bridged USDC solution allows users to seamlessly swap tokens on decentralized exchanges (DEXs) and access liquidity provision and payment services without requiring code changes for future upgrades to native USDC. This approach enhances user experience, especially for those engaging with decentralized finance (DeFi) applications on Sonic.
Circle, the issuer of USDC, has been making significant strides to expand the adoption of its stablecoin. Recent partnerships include a collaboration with Binance, the world’s largest cryptocurrency exchange, to accelerate USDC usage across various platforms. Circle also became the first stablecoin issuer to comply with Canada’s new regulatory requirements and achieved MiCA registration in the European Union.
For Sonic network users, USDC can be bridged from Ethereum through the Sonic Gateway, and also from other blockchains such as Solana and Fantom via deBridge. Additionally, Sonic is planning further integrations with major decentralized protocols, including Aave, Curve Finance, KyberSwap, and Sushi, with multiple exchanges supporting its upcoming migration of the FTM to S chain.
This integration of bridged USDC is expected to drive increased developer activity within Sonic’s ecosystem, enhancing the overall liquidity and adoption of the platform. With continued partnerships and ecosystem growth, Sonic is positioning itself as a strong player in the broader blockchain and DeFi space.
