Circle Partners with Sony for USDC Expansion
Stablecoin issuer Circle has partnered with Sony Block Solutions Labs to advance the adoption of USDC on Sony’s Soneium Layer 2 blockchain. The partnership aims to make USDC the standard for Web3 payments.
USDC will be integrated via the Bridged USDC Standard, an interoperable solution for Ethereum-compatible blockchains. The collaboration will give developers access to digital dollar payments on Soneium.
Circle CEO Jeremy Allaire said the partnership marks a step forward in stablecoin adoption, facilitating more seamless and secure Web3 experiences.
Circle is the second-largest stablecoin issuer with a circulating supply of $35.7 billion, although that has declined since its peak of $56 billion in 2022.
