Circle, a stablecoin issuer, has teamed up with Sony Block Solutions Labs to expand USDC to Soneium, Sony’s Layer-2 blockchain.
Circle made the announcement on September 15, highlighting that the goal of this collaboration is to bring Circle’s Bridged USDC Standard into Soneium and make USDC one of the blockchain’s primary tokens.
“This marks a significant milestone to set the stage for a new era of creativity in the Web3 space,” Circle stated.
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The Bridged USDC Standard allows for a bridged form of USDC to be used on Ethereum Virtual Machine (EVM)-compatible blockchains. This makes it easier for developers building on Layer-2 blockchains, like Soneium, to integrate digital dollar payments into their apps.
Jun Watanabe, Chairman of Sony Block Solutions Labs, said:
By integrating Circle’s financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance.
Launched in August 2024, Soneium is a Layer-2 blockchain based on the Ethereum network. It was developed by Sony Block Solutions Labs, a joint effort between Sony Group Corporation and Startale Labs.
USDC currently ranks as the second-largest stablecoin in the world, with a market capitalization of over $35 billion. This partnership with Sony aims to further increase its adoption and cement its role in the growing Web3 ecosystem.
In other news, Donald Trump is about to launch a new platform, called World Liberty Financial, to push mass adoption of stablecoins and DeFi.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
