- Native USDC and CCTP V2 have been activated on the Sonic network, shifting from the Bridged USDC Standard to a native model.
- The upgrade boosts security, cross-chain transaction speed, and centralized exchange (CEX) support, enabling seamless financial services for individuals and businesses.
- Users and developers benefit from improved liquidity, institutional on/off-ramps, and interoperability with third-party bridges and the official Ethereum/sonic/usdc?ref=blog.soniclabs.com”>Sonic Gateway.
Sonic Labs has announced the launch of native USDC and CCTP V2 on its blockchain network. The move upgrades the previous bridged USDC standard to a native token format, aiming to provide faster, more secure, and efficient digital asset transactions.
This upgrade, detailed on the Sonic Labs website, retains the existing contract address of the token, so no changes are required for users or developers. The transition enhances network security and enables institutional-grade on/off-ramps for moving funds in and out of the platform, according to Sonic Labs.
The company noted that native USDC is regulated, fully reserved, and redeemable on a one-to-one basis for U.S. dollars via Circle Mint. "With centralized exchanges like Binance integrating USDC on Sonic, users can now deposit and withdraw the token quickly, often within a second," Sonic Labs stated.
The upgrade also introduces CCTP V2, which allows near-instant transfers of USDC across supported blockchains. The protocol unlocks automated post-transfer actions for more advanced cross-chain interactions. Use cases span across digital asset trading, decentralized finance (DeFi), and real-world payments, as described by Sonic Labs.
Users can bridge to native USDC on Sonic from various blockchains using supported third-party bridges available on the MySonic platform. However, Sonic Labs clarified it does not guarantee the security of these third-party services. The official Sonic Gateway enables direct and secure 1:1 transfers from Ethereum.
Developers are encouraged to consult Circle’s documentation for building applications using USDC and CCTP V2. Businesses can apply for a Circle Mint account to access on/off-ramps for fiat-to-USDC conversions, while individuals and small firms can find options through Circle’s partners by visiting USDC.com.
According to a note from Sonic Labs, the native token is still labeled as “Bridged USDC (Sonic)” and “USDC.e” in smart contract queries, but this will be updated soon. USDC is issued by regulated entities affiliated with Circle, with a complete list of authorizations and licenses available on Circle’s website.
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