Sonic integrates Circle’s bridged USDC

Sonic Labs announced that its Ethereum virtual machine layer-1 chain Sonic now supports a bridged version of the Circle stablecoin USDC.

USDC.e stablecoin on Sonic, bridged from native USDC (USDC) on Ethereum via Sonic Gateway, is now live on EVM L1. According to the announcement made on the platform, Sonic will benefit from Circle’s bridged USDC standard.

By integrating bridged USDC, Sonic aims to bring the benefits of stablecoin to its ecosystem and help jump-start developer activities. Bridged release allows newly launched networks to reduce liquidity fragmentation, often leading to an eventual upgrade to native support.

Why bridged USDC?

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

Bridged USDC means no code changes during potential native support. Users in the ecosystem will have a better experience when swapping tokens on decentralized exchanges and will be able to access liquidity provision and payment benefits.

Circle recently partnered with Binance, the world’s largest cryptocurrency exchange by volume, to accelerate USDC adoption. After securing MiCA registration, the USDC issuer achieved another milestone by becoming the first issuer to meet Canada’s new regulations.

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

In December 2024, Sonic Labs announced that L1’s Aaave integration proposal had passed the provisional control phase. Meanwhile, Sonic also welcomed important partnerships such as Curve Finance, KyberSwap and Sushi. Multiple exchanges also announced support for the transition from FTM to S.