Circle Unveils Bridged USDC Integration on Sony's Soneum Blockchain
CryptoNewsTerminal Staff15 Sep, 2024
Circle Unveils Bridged USDC Integration on Sony's Soneum Blockchain
Through a strategic partnership, Circle, the issuer of the prominent stablecoin USDC, and Sony Network Communications' blockchain arm, Sony Blockchain Solutions, have joined forces. As a result of this collaboration, Soneum, Sony's blockchain network, will adopt the Bridged USDC standard, integrating it as a pivotal token for value exchange within its ecosystem. Bridged USDC, a specification devised to facilitate the deployment of USDC across EVM-compatible blockchains, serves as a proxy for native USDC held on Ethereum. This allows developers constructing decentralized applications (dApps) on Layer 2 blockchains like Soneum to seamlessly incorporate digital dollar payments into their creations. This partnership marks a significant stride in expanding the reach and utility of USDC, further solidifying its position as a leading stablecoin within the blockchain industry.
