Bridged USDC (Sonic)

• Sonic

• Community
• Reddit
• Asset Type: ERC-20

• Market Cap: $482.3M
• Fully Diluted Valluation: $480.2M
• FDV / MC: 1
• Ranking inside Exponential (excluding stables): #23
• Circulating Supply: 482,313,434
• Total Supply: 480,227,629
• Volume (24H): $18.3M
• ATH: $1.05 (01/19/2025)
• ATL: $0.95 (01/19/2025)

USDC.e is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Sonic Gateway, a protocol rated as Watch out.

USDC.e is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Sonic Gateway

USDC.e does not have a supply schedule. USDC on Sonic is backed 1:1 by USDC locked in the Sonic Gateway bridge on the Ethereum chain. USDC is backed 1:1 by USD reserves held with a licensed custodian (Circle). USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.