Circle and Sony Block Solutions Labs Team Up to Accelerate USDC Adoption on Soneium

Stablecoin issuer Circle has announced a partnership with Sony Block Solutions Labs to integrate USDC as the primary transaction token on the Soneium blockchain. The initiative aims to advance the adoption of decentralized technologies and improve the global digital economy. According to a recent press release, the collaboration opens up opportunities for digital rights management, increasing fan engagement through NFTs, and providing tokenized access to content.

The partnership will allow Soneium, a blockchain developed by Sony Block Solutions Labs, to integrate Bridge USDC as a central token for value exchange. Bridge USDC is a version of USD Coin (USDC) that runs on Ethereum Virtual Machine (EVM)-compatible blockchains. It serves as a proxy for Ethereums native USDC, enabling seamless digital dollar payments across different blockchain networks.

According to Circle, the unified USDC standard will facilitate the deployment of USDC on second-layer blockchains, making it easier for developers to build applications that use digital dollar payments. According to reports, this approach provides the flexibility to migrate to native USDC issuance in the future, ensuring long-term adaptability. This integration is expected to provide creators and users with secure, borderless transactions.

Image: Bitcoinist