Sonic Surpasses $5.5B in USDC Bridged via Circle's CCTP
SonicLabs said roughly $5.48 billion in USDC has been bridged to the Sonic network using Circle's Cross-Chain Transfer Protocol (CCTP).
CCTP is a permissionless onchain transfer mechanism that moves native USDC between blockchains by burning tokens on the originating chain and minting the same amount 1:1 on the destination chain.
The figure marks a positive milestone for Sonic, as stablecoins continue to be viewed as one of the most promising segments in the blockchain market.