Stablecoin issuer Circle announced on Sunday a strategic cooperation with blockchain technology company Sony Block Solutions Labs to promote innovation and creativity through decentralized technology on the Ethereum second-layer network Soneium. Soneium will also integrate cross-chain USDC Standard (Bridged USDC Standard).
The cross-chain USDC standard is a specification and process for deploying a USDC bridge on an Ethereum Virtual Machine (EVM) compatible blockchain. Bridged USDC serves as a proxy for the native USDC on Ethereum, allowing developers on the second-tier network to Easily enhance their applications with digital dollar payments.
Circle said that by integrating bridged USDC as the value exchange foundation of the network, Soneium is ready to open up new opportunities for creators and users to achieve seamless, secure and borderless transactions while promoting decentralized technology. global economy.
Sony Network Communications, a subsidiary of Japan's Sony Group, announced last year that it would cooperate with Startale Labs, the development company of Japan's public chain Astar Network, to jointly build Sony's blockchain. In August this year, Sony Block Solutions Labs, a joint venture between the two parties, launched Soneium. This second-layer network uses Optimistic rollup technology to allow users to conduct transactions on Ethereum at a lower cost. Currently Soneium has launched the test network.
Jun Watanabe, chairman of Sony Block Solutions Labs, said that by integrating Circle's financial infrastructure into Soneium, "we will redefine the landscape of digital entertainment and finance."
