Circle launches USDC and native CCTP V2 on the Sonic blockchain

Circle, the company issuing the stablecoin USD Coin, has announced that native USDC is now available on the Sonic blockchain. In practice, the bridged-to-native upgrade of both USDC and CCTP V2 has been completed, now unlocking new use cases for the stablecoin in the Sonic ecosystem. Circle: USDC and CCTP V2 are now native on Sonic blockchain Circle , the company issuing the second stablecoin by market cap USD Coin, has announced that USDC and CCTP V2 are now native on the Sonic blockchain. In practice, it seems that the update of the Bridged USDC standard has been successfully completed, and that the native stablecoin is ready to unlock new use cases for the Sonic ecosystem. “Native @USDC is now available on @SonicLabs! With the bridged-to-native upgrade now completed, Sonic developers and users gain the stability of the world’s leading regulated stablecoin, along with CCTP V2 for frictionless access to crosschain liquidity. Seamless transition: The bridged USDC has been automatically upgraded to native USDC. No action required. Institutional access: Circle Mint customers can mint and redeem USDC 1:1 with USD directly from Circle. Crosschain interoperability: CCTP V2 enables near-instant transfers of USDC between chains, with support for automated post-transfer actions via Hooks. First-day partners include: @aave, @binance, and @RedotPay. USDC is a trusted digital dollar powering innovation in DeFi, payments, and global finance. With the addition of Sonic, USDC is now natively supported on 20 blockchains.” Among the main advantages of this transition, there is the improvement of liquidity, security, and capital efficiency for developers and users of the Sonic ecosystem. The new native USDC has an unchanged contract address compared to the bridged one, and its existing integrations remain intact , without requiring any action from developers or users. Even native CCTP V2 allows for almost instantaneous transfers of USDC between supported blockchains, with the possibility of automating actions following the transfer through Hooks. Circle and Native USDC on Sonic: the new use cases unlocked In general, Native USDC on Sonic is regulated, fully reserved, and redeemable 1:1 in US dollars with Circle Mint. This scenario provides a reliable and scalable foundation for trading, payments, and financial services. At the same time, Sonic is a high-performance EVM Layer-1 blockchain built to scale DeFi applications with transaction finalization under one second and a potential of over 400,000 transactions per second. Users can access USDC on Sonic through crypto-exchanges and ecosystem apps. Qualified companies can also access USDC on Sonic from a Circle Mint account. Here, simply open a verified account on Circle Mint, create a deposit via bank transfer, and then choose USDC on Sonic. On Circle Mint, it is also possible to convert fiat to USDC on Sonic (and vice versa) or exchange USDC between the supported blockchains without the need for a third-party bridge. In terms of apps, builders can now choose USDC on Sonic for their users. Here are some of the most popular apps where to find the native stablecoin on Sonic: AAVE, Binance, Redotpay, Beets, Metropolis, Origin Protocol, Rings Protocol, Silo Finance, Stargate, SwapX, VALR, Vertex and more. The market cap of the stablecoin has decreased in the last month While USDC climbs aboard a new blockchain, its market cap seems to have experienced a decline in the last month. At the time of writing, the market capitalization of USDC is just above 60 billion dollars , compared to over 62 billion dollars at the end of April 2025. In any case, these are record figures for USDC, even though they are far from its competitor Tether (USDT) . In fact, the market capitalization of USDT is now over 150 billion dollars. Despite the numbers, USDC is in the midst of its expansion even at the territorial level . “`html At the beginning of March, USD Coin and EURC by Circle were officially recognized by the Dubai Financial Services Authority (DFSA). In the same period, Japan approved the use of USDC in the country. “` More recently, Crypto.com has formed a partnership with Sony of Singapore that allows crypto payments, particularly in USDC exclusively on Sony Store Online. Source: https://en.cryptonomist.ch/2025/05/14/circle-launches-usdc-and-native-cctp-v2-on-the-sonic-blockchain/