Circle Partners with Sony for USDC Integration on New Layer 2 Blockchain

Circle, the issuer of USDC, has announced a strategic partnership with Sony Block Solutions Labs to integrate bridged USDC into Sony's new Ethereum Layer 2 platform, Soneium.

This collaboration is set to enhance flexibility and expand functionality on the Soneium blockchain, creating new opportunities for users and creators by facilitating secure and seamless transactions.

Circle’s September 16 announcement highlights the significance of this partnership in advancing digital finance and entertainment. Sony’s Chairman, Jun Watanabe, emphasized that integrating Circle’s stablecoin infrastructure will revolutionize both sectors, aligning with their goal of a more interconnected digital ecosystem.

Jeremy Allaire, Circle’s Co-founder and CEO, described the collaboration as a major step forward in promoting stablecoin adoption and enhancing Web3 experiences for creators. Bridged USDC will enable Ethereum Virtual Machine (EVM) compatible blockchains to use the stablecoin through a proxy, boosting its appeal on the new Layer 2 network.

READ MORE:

Here is What You Should Know About Ethereum’s Pectra Upgrade

This development comes amid growing interest in Layer 2 solutions. Recently, Samsung Next invested in Startale Labs, which is working with Sony on Soneium. Additionally, Soneium’s testnet, Minato, has launched, drawing more attention to the project. Despite this progress, Sony’s stock has seen a slight decline of nearly 2% today.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.