Binance completes USDC integration in Sonic Network and deposits are currently live.
Alisa Davidson
Post: April 29, 2025 11:06 AM Update: April 29, 2025 11:06 AM
Edit and fact confirmation: April 29, 2025 11:6 am
simply
Binance has announced that it has completed the USDC integration in Sonic Network, and now the deposit is open for the user.
Cryptocurrency Exchange Binance has announced that it has completed USDC integration in Sonic Network, and now a deposit for the user is open.
Currently, Binance supports Sonic’s USDC as a bridge asset, not a token issued by default. Sonic Labs manages USDC’s smart contracts in SONIC, not Circle, the official publisher of USDC. As a result, the USDC of this version is not issued or repaid directly through a circle.
At the beginning of that day, Circle shared a plan to upgrade Sonic Blockchain to USDC using Bridged USDC. Circle also stated that SONIC would adopt CCTP V2, the latest version of the cross chain transmission protocol.
SONIC, a high -throughput layer that is compatible with EVM (ETHEREUM Virtual Machine), is designed to support financial (Defi) applications distributed on the scale. This architecture is one of the most performance -oriented chains in space, allowing the finals of the early transactions at the beginning of the second, which can handle more than 400,000 transactions per second. Since its launch in December 2024, SONIC has grown rapidly and has become a major network according to the bridged USDC standard. Currently, the platform has more than $ 480 million in the bridged USDC, has a total value of nearly $ 1 billion and has spread over 125 applications.
SONIC supports a wide range of ONCHAIN applications, including distributed exchange, crosschain liquidity protocol, high frequency and derivatives trading platforms, payment services and NFT markets.
The network is now upgraded from the bridge to the default USDC. The upgrade is automatically occurred without requiring a developer or user action. SONIC also integrates the CICTP (Cross-Chain Transfer Protocol) V2 of the Circle. This protocol enables direct and safe transmission of USDC in multiple supported blockchains, including Avalanche, Base, Ethereum and Linea. Since the burns and mint processes of the CCTP V2 do not need to lock the fluidity, the clock possibility for the behavior after transmission is improved, allowing the blockchain to be safe, close, and the capital efficient USDC transmission.
SONIC’s switching to Native USDC is designed to simplify the user and developer experience by enabling smooth and automatic conversion to the default USDC in a bridged USDC without the need for code update or asset conversion. Native USDCs can be completely supported, regulated and repaid at a 1: 1 ratio in US dollars. In addition, the eligible business can access the institution’s on and off -lamps through the Circle Mint and support fast and safe integration in the supported blockchain network.
Sonic to to the University Upgrade and CCTP V2 Integration of Bridging on May 6 ahead of integration
The asset upgrade process is expected to proceed for about a week. On May 6, SONIC will temporarily stop Bridged USDC’s bridging activities in the first bridge with Ethereum. After that, the control of the bridged USDC contract will be transferred to the circle, which will facilitate the upgrade to SONIC’s default USDC. Once completed, the circle implements CCTP V2 in the network to set USDC interoperability directly between other blockchains, including SONIC and Avalanche, Base, Ethereum and Linea.
disclaimer
The trust project guidelines are not intended and should not be interpreted as advice in law, tax, investment, finance or other forms. If you have any doubt, it is important to invest in what you can lose and seek independent financial advice. For more information, please refer to the Terms and Conditions and the Help and Support Pages provided by the publisher or advertiser. Metaversepost is doing its best to accurately and unbiased reports, but market conditions can be changed without notice.
About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More
Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More