USDC Stablecoin Now Available on Sonic Layer-1 Chain

Sonic Labs has announced the integration of the bridged version of Circle’s stablecoin, USDC, on the Ethereum Virtual Machine (EVM) layer-1 chain Sonic. The USDC.e stablecoin, bridged from native USDC on Ethereum via the Sonic Gateway, is now live on the EVM L1.

Benefits of Bridged USDC

By integrating bridged USDC, Sonic aims to bring the stablecoin’s benefits to its ecosystem and help jumpstart developer activity. The bridged version allows newly launched networks to reduce liquidity fragmentation and often leads to eventual upgrading to native support.

With bridged USDC, developers can build decentralized applications on Sonic with contract addresses that will remain even when the network upgrades to native USDC.

Some of the key benefits of bridged USDC include:

  • No code changes during potential native support.
  • Users across the ecosystem will have a better experience when swapping tokens on decentralized exchanges.
  • Access to benefits of liquidity provision and payments.

Recent Developments in USDC Adoption

Circle, the issuer of USDC, recently partnered with Binance, the world’s largest cryptocurrency exchange by volume, to accelerate USDC adoption. Additionally, Circle achieved a milestone by becoming the first issuer to meet Canada’s new regulations.

How to Get Bridged USDC on Sonic

Sonic network users can get bridged USDC from Ethereum via Sonic Gateway; from Solana and Fantom via deBridge. USDC bridging is also available from other blockchains and DEXs to Sonic.

Sonic Labs continues to expand its ecosystem, with recent announcements including the proposal for Aaave integration passing the temp check stage and key partnerships with Curve Finance, KyberSwap, and Sushi.

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