Circle and Sony Block Solutions Labs cooperate to enable USDC in Sioneum

Von Sophie Müller

  • Circle and Sony Block Solutions Labs work together to bring USDC in Soneium.
  • The Ethereum layer 2 will integrate bridged USDC, which means that users and developers can use limitless transactions and payments in digital dollars.
  • USDC the Creator Economy on Sioneum and the Web3 ecosystem will help, the companies said in a press release.

Circle, issuer of the stable coin USDC, works with Sony to strengthen the developer ecosystem of the recently introduced Ethereum-Layer-2 solution.

The strategic partnership consists between Circle and Sony Block Solutions Labs, the Sony Group blockchain infrastructure company, which launched the market in August.

Soneum started its Minato test network and the Spark-Linkubation program at the end of August and has been involved in the mainstream as part of its vision of strengthening developers and web3.

"This collaboration is an important milestone for the mission of Circle to accelerate the introduction of our stable coins and blockchain technology and enable developers to be successful through safe, user-friendly web3 experiences," said Jeremy Allaire, co-founder and CEO from circle a bridged USDC on Soneium

The collaboration of Sony Block Solutions Labs with Circle aims to make USDC developers and users accessible to Sioneum. In this case, Layer 2 takes over the USDC bridged as one of its primary value token token.

through the integration users can use the stablecoin to open up new possibilities in the entire ecosystem of layer 2, including enabling cross-border transactions and the provision of decentralized applications.

with bridged USDC as a proxy for native USDC on Ethereum can use developers important stablecoin functions and advantages to build on L2 networks. For Sioneum users, this means using USDC to operate dapps with digital dollar payments.

"By integrating the financial infrastructure of Circle with Sioneum, we will redefine the landscape of digital entertainment and finance," said Jun Watanabe, Chairman of Sony Block Solutions Labs.

In particular, the integration of a bridged version of the stable coin by Soneium means that a later upgrade is possible to a native edition.

As highlighted above, Sony Block Solutions Labs has received several important partnerships in order to further accelerate web3 growth.

belong to the starting partners of Soneum alongside Circle Astar Network, Chainlink, Alchemy, Optimism and The Graph. L2 has also received a partnership with Transak to bring payments in Fiat currency into the network.

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Source: Coinlist.me