On December 25th, Sonic Labs (formerly Fantom), a Layer 1 blockchain project, has launched Sonic Gateway, which supports bridging USDC, EURC, and WETH from Ethereum to Sonic. Sonic Labs said it is working with the global developer community to strengthen Gateway's security by posting bug bounties on Immunefi. It will also offer a $2 million bonus, which will be distributed between Gateway and Sonic chain.