Circle – USDC announces official partnership with Sony Block Solutions Labs to issue and scale USDC on layer-2 Soneium .
On September 16, 2024, Circle – the parent company of USDC announced a strategic partnership with Sony Block Solutions Labs to drive innovation and creativity through decentralized technologies on Soneium, an Ethereum public Layer 2 blockchain ecosystem. Through this initiative, Soneium will integrate the Bridged USDC Standard and establish bridged USDC as one of the primary Token for value exchange on this blockchain.
Soneium stands out as a versatile blockchain, ready to serve diverse needs across all sectors and support users globally. By integrating bridged USDC as a platform for value exchange, Soneium will open up new opportunities for creators and users, enabling seamless, secure, and Borderless transactions, while fostering a global economy built on decentralized technologies.
=> Read more: What is Soneium – Sony's Layer 2 solution? What will Sony Corporation do with the Web3 market?
The Bridged USDC Standard is a specification and process for deploying a bridged version of USDC on Ethereum Virtual Machine (EVM) -compatible blockchains. Bridged USDC acts as a proxy for native USDC on Ethereum, allowing developers building on Layer 2 blockchains like Soneium to easily integrate stablecoin payments into their applications. By following Circle 's standard deployment process for bridged USDC, Soneium maintains the ability to seamlessly upgrade to a native release in the future.
Jun Watanabe , President of Sony Block Solutions Labs said
“Integrating Circle ’s financial infrastructure with Soneium will reshape the digital entertainment and financial landscape,” “This partnership is fully aligned with our vision of creating a more connected and efficient digital ecosystem. We are excited about the potential this partnership opens up, not only in the technology space, but also in delivering tangible benefits to Soneium and its users around the world.”
Jeremy Allaire , Co-founder and CEO of Circle Chia
