Partnership Announcement

Circle, the issuer of the second-largest stablecoin (USDC), has partnered with Sony Block Solutions Labs to expand USDC adoption on the tech firm's layer-2 (L2) blockchain, Soneium. The collaboration aims to establish USDC as one of the primary tokens used on Soneium.

Leveraging Sony's Blockchain Ecosystem

Soneium is an L2 blockchain built on Ethereum that was developed by Sony Block Solutions Labs in collaboration with Sony Group Corporation and Startale Labs. By integrating Circle's Bridged USDC Standard, the partnership seeks to redefine the landscape of digital entertainment and finance within Sony's interconnected digital ecosystem.

Accelerating Stablecoin Adoption

According to Circle CEO Jeremy Allaire, this collaboration marks a significant milestone for Circle's mission to accelerate the adoption of their stablecoins and blockchain technology, empowering creators to flourish through secure, user-friendly Web3 experiences.

Soneium's Existing Partnerships

Soneium has already partnered with other Web3 giants such as Chainlink and Optimism, further solidifying its position within the broader cryptocurrency and blockchain ecosystem.

Sony's Vision for Digital Ecosystems

Sony Block Solutions Labs Chairman Jun Watanabe stated that by integrating Circle's financial infrastructure with Soneium, they are set to redefine the landscape of digital entertainment and finance, aligning with their vision of creating a more interconnected and efficient digital ecosystem.

Source: https://99bitcoins.com/news/circle-announces-partnership-with-sonys-new-layer-2-blockchain-soneium/

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