Circle and Sony Block Solutions Labs have announced a new partnership to integrate bridged USDC onto Sony’s Soneium blockchain, a Layer 2 network built on Ethereum. This collaboration marks a significant step forward in blockchain and cryptocurrency innovation, combining the expertise of a major technology firm and a leading stablecoin provider.
Launched in August 2024, Soneium is designed to serve multiple industries as a versatile, general-purpose blockchain. The addition of bridged USDC will enhance its value-exchange capabilities, facilitating secure and seamless transactions for users and content creators on the platform.
Bridged USDC, following Circle’s Bridged USDC Standard, will act as a proxy for the native USDC on Ethereum, bringing its benefits to Soneium while operating within the Ethereum Virtual Machine (EVM)-compatible Layer 2 network.
Jun Watanabe, Chairman of Sony Block Solutions Labs, emphasized that this partnership aligns with Sony’s goal of building a more interconnected digital ecosystem, and Jeremy Allaire, Circle’s CEO, described the collaboration as a key step toward the broader adoption of stablecoins and blockchain technology. Both leaders highlighted the potential impact on digital entertainment and financial systems.
Soneium’s rapid growth, including recent partnerships with projects like Chainlink, is expected to accelerate with this integration of USDC. For Circle, the collaboration signifies another step in expanding USDC’s presence, which has already seen monthly transfer volumes of over $587 billion, according to Artemis data.
