Sonic Labs Sees Explosive Growth in Stablecoin Supply and Developer-Friendly Ecosystem

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Sonic Labs has more than doubled its bridged USDC.e supply in just one month. This signifies an evolution in the decentralized finance (DeFi) space—from platforms like Sonic Labs to DeFi users—to where platforms like Sonic Labs operate like more mainstream financial offerings. This is amazing for two reasons. First, the total supply of bridged USDC on the platform jumped from $149 million to $312 million (over 100% increase). Second, Sonic Labs appears to catalyze some kind of evolution in the DeFi space. Currently, the complete stablecoin market cap on Sonic Labs has also surged to $392 million. It incorporates well-known

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