What is Sonic Bridged USDC.e (Sonic)?
Sonic Bridged USDC.e (Sonic) is a bridged stablecoin pegged to USDC and built using Circle's Bridged USDC Standard. It serves as the official stablecoin within the Sonic ecosystem, providing users with a reliable digital currency option. Its consistent and slightly superior price performance compared to other bridged tokens reinforces its role as a dependable asset in decentralized finance.
Sonic Bridged USDC.e (Sonic) goals
The primary purpose of Sonic Bridged USDC.e is to facilitate seamless and secure digital transactions within the Sonic ecosystem. It is designed to simplify cross-chain interactions by bridging USDC from Ethereum to Sonic, offering an efficient solution for trading, liquidity provision, and cost-effective payments. By providing a stable digital asset, it supports a range of DeFi applications and enhances the usability of decentralized financial services.
Sonic Bridged USDC.e (Sonic) fondamentals
Sonic Bridged USDC.e operates as a stablecoin fully backed by USDC, meaning its supply adjusts dynamically based on the amount of USDC bridged into the Sonic ecosystem. It does not maintain an independent token supply with a separate token distribution plan or token burning mechanism. Instead, its stability is ensured through full collateralization with USDC, aligning its fundamentals with the underlying USDC reserve model.
Marketcap
$0.48396798B
Total number of Sonic Bridged USDC.e (Sonic)
483974022 USDC.E
Sonic Bridged USDC.e (Sonic) technology
The stablecoin operates via the Sonic Gateway, which securely bridges USDC from Ethereum to the Sonic blockchain. It is integrated on the Sonic blockchain, an EVM-compatible Layer-1 network known for its high scalability and rapid transaction processing. This technological framework ensures efficient DeFi interactions, making it easier for developers and users to enjoy a seamless, high-performance digital asset experience.
Sonic Bridged USDC.e (Sonic) competitors
Sonic Bridged USDC.e sets itself apart by leveraging Circle’s proven bridged USDC standard while serving as the official stablecoin of Sonic Labs. Its seamless bridging mechanism through the Sonic Gateway offers superior interoperability and ease of use when compared to other bridged tokens. Additionally, its consistently strong price performance in the market highlights its competitive edge in reliability and stability among similar assets.
Sonic Bridged USDC.e (Sonic) price history
Frequently asked questions
Its main function is to act as a stable, fully collateralized digital asset that facilitates efficient and secure transactions within the Sonic ecosystem.
It maintains a stable value by being directly pegged to USDC, a trusted stablecoin, which ensures minimal price fluctuations even during volatile market conditions.
Sonic Bridged USDC.e is based on the Sonic blockchain, an EVM-compatible Layer-1 network designed for high-speed and scalable digital interactions.
Users can obtain Sonic Bridged USDC.e by bridging USDC from Ethereum to Sonic using the Sonic Gateway or other supported cross-chain bridging tools.
No, as a bridged stablecoin, Sonic Bridged USDC.e does not incorporate deflationary burn mechanisms because its supply is directly linked to the USDC reserves backing it.
Features
Resources
Drakkar-Software © 2021-2025 Copyright. All rights reserved.