Circle has announced a partnership with Sony Block Solutions Labs to integrate its USD Coin (USDC) stablecoin on the Soneium blockchain, a layer-2 Ethereum network. This collaboration aims to enhance Soneium’s blockchain ecosystem by adding Bridged USDC, allowing for seamless value exchange on the platform.
- USDC will become an essential token for transactions on Soneium using Circle’s Bridged USDC standard.
- Soneium is an Ethereum Virtual Machine (EVM)-compatible layer-2 blockchain launched by Sony, integrating elements from entertainment, gaming, and finance.
The Bridged USDC serves as a proxy for native USDC held on Ethereum, enabling developers on Soneium to power their applications with digital dollar payments. The partnership, as noted by Jun Watanabe, President of Sony Block Solutions Labs, aligns with Sony’s vision of building a more interconnected and efficient digital ecosystem. He emphasized that this collaboration holds significant potential for advancing both technology and providing real benefits to users worldwide.
Circle’s CEO Jeremy Allaire highlighted that the partnership would accelerate the adoption of Circle’s stablecoins and blockchain technology, empowering creators through secure Web3 experiences. This collaboration comes on the heels of Soneium’s rapid growth, including its partnership with Chainlink to enhance services, and follows Circle’s rising USDC adoption through platforms like Base, an Ethereum layer-2 network.
