Circle has partnered with Sony Block Solutions Labs to integrate USDC into Soneium. This partnership promotes innovation and improves the creator economy by incorporating decentralized technologies within the Soneium platform.
Soneium is a new public blockchain created by Sony Block Solutions Labs as a layer-2 solution for Ethereum. Its main goal is to connect blockchain (Web3) with everyday online services (Web2), making it easier for people to use blockchain apps.
Soneium aims to build a flexible blockchain that can meet the needs of different industries, giving developers, creators, and communities a strong and scalable platform.
Using technology from the Optimism Foundation, Soneium creates a space where developers can easily build advanced smart contracts for various uses, such as finance, gaming, and digital identity.
USDC is a stablecoin created by Circle tied to the US dollar, so 1 USDC is always worth about 1 US dollar. It’s used to make quick and secure payments online, often in apps or blockchain networks, making sending and receiving money without a bank easier.
The Bridged USDC Standard will be adopted on Soneium. Bridged USDC is like a copy of USDC that moves to different blockchains. Since USDC originally lives on one main blockchain (like Ethereum), when users want to use it on a different one, a “bridged” version is created.
This bridged USDC still represents the same value as the original but works on the new blockchain, allowing people to use it for payments and transactions there without any problems. In this case, there will be a bridged version of USDC on Soneium.
This integration promises to open new opportunities for creators and users alike, allowing secure and borderless transactions. Sony Block Solutions Labs’ chairman, Jun Watanabe, highlighted that the collaboration combines Circle’s financial infrastructure with Soneium to transform the future of digital entertainment and finance.
Jeremy Allaire, co-founder and CEO of Circle, expressed excitement about the partnership with Sony Block Solutions Labs. He highlighted how the collaboration aims to redefine support for creativity and innovation in the digital world.
Allaire emphasized that this partnership is an important step for Circle’s mission to promote the use of stablecoins and blockchain technology, ultimately helping creators succeed by providing them with secure and easy-to-use Web3 experiences.
The partnership is a major step for Circle, as it furthers its goal of accelerating USDC adoption and expanding blockchain technology. USDC is one of the most popular stablecoins in the market, known for being reliable and trusted because it’s backed by actual US dollars.
While it’s not the biggest stablecoin (Tether’s USDT holds that spot), USDC is still widely used because of its strong reputation for transparency and stability.
