USDC-Issuer Circle Companions with Sony to Develop Stablecoin Adoption through Soneium

In August, electronics big Sony launched Soneium, a layer-2 blockchain, and established Sony Block Solutions Labs (Sony BSL) to spearhead its blockchain ventures. In a current growth, Circle, the issuer of the USDC stablecoin, has partnered with Sony to develop the USDC ecosystem via the Soneium blockchain. This collaboration additionally seeks to place USDC as a key token throughout the Soneium community, additional integrating stablecoins into Sony’s blockchain technique.

For Sony, this partnership is predicted to capitalize on USDC’s robust market fame to draw customers and creators to its suite of customised blockchain providers. Meanwhile, Circle will combine its ‘Bridged USDC Standard’ with Soneium, making the US-dollar-backed stablecoin extra accessible to a broader vary of blockchain customers.

In an official announcement posted over the weekend, Circle defined that “Bridged USDC serves as a proxy for native USDC held on Ethereum, enabling developers building on layer 2 blockchains like Soneium to easily power their apps with digital dollar payments.”

Jun Watanabe, Chairman of Sony Block Solutions Labs, emphasised that this transfer goals to deepen the combination of blockchain know-how into the leisure and finance sectors.

“This collaboration aligns ideally with our vision of creating a more interconnected and efficient digital ecosystem,” Watanabe stated.

Jeremy Allaire, the Co-Founder and CEO at Circle has referred to as this partnership a ‘milestone’ second for Circle.

“We are thrilled to be partnering with Sony Block Solutions Labs to re-imagine how creativity and innovation are supported in the digital age,” stated Allaire.

Within a month of its launch, Soneium has reportedly finalised partnerships with a number of Web3 platforms like Astar, Alchemy, Chainlink, Optimism, and The Graph.

Built on the Ethereum blockchain, the Soneium blockchain has been designed on the fundamentals of ‘open Internet’ to encourage the creation of decentralised panorama for leisure, gaming, and finance sectors amongst others.