Circle Launches USDC Stablecoin on Sony Blockchain

Bridged USDC, issued by stablecoin issuer Circle and Sony Block Solution Labs, is a significant blockchain token for value exchange

Circle and Sony Block Solutions Labs have partnered to add stablecoins to Soneium, an Ethereum-based public layer-2 network.

The stablecoin issuer announced on Sept. 16 that Soneium will integrate Circle’s Bridged USDC Standard as one of the first assets accessible for value exchange as part of the cooperation.

Developers can use Bridged USDC Standard with Ethereum Virtual Machine blockchains.

Circle said the network “maintains optionality for a seamless upgrade to native issuance in the future,” but it did not specify a date for native USDC support.

Sony Block Solutions Labs chairman Jun Watanabe said the collaboration supports the company’s goal of a “more interconnected and efficient digital ecosystem.”

Two weeks earlier, Samsung Next, the venture capital arm of the South Korean IT giant, invested in Singapore-based Startale Labs to join Soneium Spark.

Sony launched Soneium in late August, a three-year blockchain roadmap.

First, web3 users will be targeted, followed by Sony Music, Sony Pictures, and Sony Bank in the second year. Enterprises and decentralized apps can use the platform by year three.