đ Circle Teams Up with Sony for USDC Expansion on Web3!
Circle announced the deal on Sept. 15, saying its Bridged USDC Standard will be integrated as one of the main tokens for value exchange on Soneium, Sonyâs public Ethereum Layer-2 blockchain that launched in August 2024. This move is set to accelerate stablecoin adoption on Web3, especially for developers and creators using Sonyâs cutting-edge blockchain technology.
Whatâs the Bridged USDC Standard? This specification allows USDC to function on EVM-compatible chains, including Layer-2 solutions, which means developers can leverage digital dollar payments more easily without worrying about jumping between multiple chains. USDC acts as a bridge, bringing real-world value onto Web3 ecosystems.
Circle CEO Jeremy Allaire praised the collaboration, calling it a game-changer for empowering creators in the Web3 space:
âThis marks a significant milestone for Circleâs mission to accelerate the adoption of our stablecoins and blockchain technology,â he said. With Circle's USDC, developers and creators now have access to secure, efficient, and user-friendly blockchain experiences.
Sonyâs Blockchain Push. Chairman of Sony Block Solutions Labs, Jun Watanabe, says this partnership fits perfectly with their vision of building a âmore interconnected and efficient digital ecosystemââand Circleâs USDC is central to this. Sonyâs blockchain division is serious about decentralizing creativity, and this collaboration reinforces their commitment to integrating blockchain in digital economies. With big players like Sony and Circle teaming up, weâre seeing more signals that stablecoins will play a pivotal role in future digital ecosystems. Soneium itself has already drawn in other heavyweights, including partnerships with Astar, Alchemy, Chainlink, Optimism, and The Graphâforming a robust blockchain network that's gaining momentum fast.
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