Circle and Sony Collaborate to Expand USDC on Soneium Blockchain
Key Takeaways Circle partners with Sony Block Solutions Labs to bring USDC to Soneium; This collaboration will allow developers building on Soneium to integrate digital dollar payments into apps; USDC, the second-largest stablecoin, aims to grow further through this partnership.
Circle, a stablecoin issuer, has teamed up with Sony Block Solutions Labs to expand USDC to Soneium, Sony's Layer-2 blockchain.
Circle made the announcement on September 15 , highlighting that the goal of this collaboration is to bring Circle's Bridged USDC Standard into Soneium and make USDC one of the blockchain's primary tokens.
"This marks a significant milestone to set the stage for a new era of creativity in the Web3 space," Circle stated.
The Bridged USDC Standard allows for a bridged form of USDC to be used on Ethereum Virtual Machine (EVM)-compatible blockchains. This makes it easier for developers building on Layer-2 blockchains, like Soneium, to integrate digital dollar payments into their apps.
Jun Watanabe, Chairman of Sony Block Solutions Labs, said:
By integrating Circle's financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance.
Launched in August 2024 , Soneium is a Layer-2 blockchain based on the Ethereum network. It was developed by Sony Block Solutions Labs, a joint effort between Sony Group Corporation and Startale Labs.
USDC currently ranks as the second-largest stablecoin in the world, with a market capitalization of over $35 billion. This partnership with Sony aims to further increase its adoption and cement its role in the growing Web3 ecosystem.
In other news, Donald Trump is about to launch a new platform, called World Liberty Financial, to push mass adoption of stablecoins and DeFi .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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