Stablecoin issuer Circle has partnered with Sony Block Solutions to make USDC the primary transaction token in the Soneium blockchain.
This bridging integration of USDC paves the way for Soneium to offer developers and users secure and borderless transactions. As a result, the initiative aims to foster a global economy based on decentralized technologies, Circle said Monday.
Sony and Circle’s USDC bridge integration opens up new opportunities for Soneium
Bridged USDC is a version of USD Coin (USDC) transferred from its original blockchain, usually Ethereum, to another network. The process involves locking the USDC to its native chain and minting an equivalent amount of bridged USDC on the new blockchain. Although backed by the original deposit, the bridged token operates independently on the new network.
“This collaboration fits perfectly with our vision of creating a more connected and efficient digital ecosystem,” – said Jun Watanabe, president of Sony Block Solutions Labs.
“We are excited about the potential this partnership opens up, not only in terms of technological advances, but also in delivering tangible benefits to Soneium and users around the world.”
Soneium aims to integrate blockchain technology into Sony’s entertainment services, potentially revolutionizing content creation, distribution and consumption. This could include digital rights management, fan engagement via NFT or tokenized access to content.
The platform enables developers to create decentralized applications using Sony’s infrastructure, paving the way for decentralized services tied to Sony products. The core network is planned for 2025, although a specific date is not yet set. Currently, Soneium remains in the testing phase.
