Circle Partners with Sony to Launch USDC on Soneium
Circle, the issuer of the stablecoin USDC, has joined forces with Sony Block Solutions Labs to enhance the creator ecosystem on the newly introduced Ethereum layer 2 solution, Soneium.
Key Highlights of the Partnership
- Circle and Sony Block Solutions Labs collaborate to bring USDC to the Soneium platform.
- The Ethereum layer 2 integration will facilitate borderless transactions and digital dollar payments.
- Both companies aim to bolster the creator economy within the web3 ecosystem.
The collaboration marks a significant step for Circle in its mission to promote the adoption of its stablecoin, paving the way for creators to thrive in a secure and user-friendly web3 environment, as stated by Jeremy Allaire, co-founder and CEO of Circle.
Integrating USDC on Soneium
This integration is designed to empower developers and users on the Soneium platform, establishing bridged USDC as a principal token for value exchange.
Benefits of Bridged USDC
By adopting bridged USDC, Soneium users will have access to a variety of advantages:
- Facilitation of cross-border transactions.
- Opportunities for deploying decentralized applications (dApps).
- Access to stablecoin features to enhance the Layer 2 network experience.
According to Jun Watanabe, Chairman of Sony Block Solutions Labs, this integration is set to transform the landscape of digital entertainment and finance. The development also hints at a future upgrade to a native issuance of USDC on the platform.
Partnerships Driving Web3 Growth
Soneium is rapidly expanding its influence within the web3 space through multiple significant partnerships. Beyond Circle, other launch partners include Astar Network, Chainlink, Alchemy, Optimism, and The Graph. Additionally, Soneium has collaborated with Transak to integrate fiat currency payments within the network.
