Sonic Chain, a subsidiary of Fantom, has launched Gateway, an Ethereum 
$3,494 bridge, as part of its expansion efforts. The protocol announced on its page that users can securely transfer assets such as USDC ($1.00), EURC ($1.17), WETH ($3,081.56), and FTM from Ethereum to Sonic.
Sonic Chain Expands
Following the mainnet launch on December 18, the protocol revealed that the new bridge has undergone audits by three major security firms: Open Zeppelin, Quantstamp, and Certora Inc. To emphasize its commitment to security, Sonic is also working with ImmuneFi on a bug bounty program. Cyberattacks in the DeFi space often occur due to insufficient attention to code audits, and Sonic does not want to leave anything to chance.
Sonic Labs announced that it has allocated a total of $2 million for the bug bounty to be shared between Gateway and Sonic Chain. Current FTM holders on the Ethereum network will be able to upgrade their assets to Sonic via Gateway. Contract addresses for USDC, EURC, and WETH on Sonic have been published for user safety.
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