SONIC Labs has successfully integrated Circle’s bridged USDC as its official stablecoin. This move helps in reducing liquidity fragmentation and simplifies the process of token-swapping, providing better liquidity solutions across its blockchain platform. The bridged USDC is made accessible via the SONIC Gateway, connecting multiple blockchains including Ethereum, Solana, and Fantom.
The integration of bridged USDC allows developers to build decentralized applications with consistent contract addresses, thus ensuring a seamless transition to native USDC in the future. This initiative is expected to bolster the creation and deployment of dApps, offering a unified user experience while also minimizing technical challenges associated with fragmentation.
SONIC Labs is on the brink of its public network launch after achieving the Genesis block milestone. The blockchain aims to lower transaction fees and improve latency. Operating on a proof-of-stake mechanism, SONIC allows S token holders to engage in staking, following the successful distribution of 200 million S tokens through an airdrop.