Stablecoin issuer Circle has partnered with Sony Block Solutions Labs to introduce USDC to Soneium, the Japanese tech giant’s recently launched public Ethereum Layer 2 blockchain.
The partnership, revealed on September 16, will see Soneium integrate Circle’s Bridged USDC Standard, establishing bridged USDC as a primary token for value exchange on the platform.
Circle noted that incorporating bridged USDC will help Soneium to enable seamless and secure transactions. This integration is expected to support the blockchain design’s goal to cater to various industries and power a global decentralized economy.
Sony developed Soneium in partnership with Singapore’s Startale Labs. The company claimed the move is part of its ongoing efforts to integrate Web3 technologies into its operations and accelerate adoption across different sectors, such as entertainment and finance. Notably, Soneium’s testnet was recently launched in partnership with Astar Network to speed up the blockchain’s development and adoption.
The Bridged USDC Standard allows for the deployment of a bridged form of USDC on Ethereum Virtual Machine (EVM)-compatible blockchains. This implementation will enable developers on Soneium to incorporate digital dollar payments more easily, potentially simplifying the creation of decentralized apps and services. Soneium retains the option to upgrade to native USDC issuance in the future.
Jun Watanabe, Chairman of Sony Block Solutions Labs, expressed enthusiasm about the partnership, stating that the integration of Circle’s financial infrastructure with Soneium could redefine digital entertainment and finance.
“This collaboration aligns perfectly with our vision of creating a more interconnected and efficient digital ecosystem,”
Watanabe noted.
Similarly, Jeremy Allaire, Co-Founder and CEO of Circle, emphasized the collaboration’s significance in advancing Circle’s mission to promote stablecoin and blockchain technology adoption.
“We are thrilled to be partnering with Sony Block Solutions Labs to reimagine how creativity and innovation are supported in the digital age,”
Allaire stated.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
