Circle, a global financial technology company, has teamed up with Sony Block Solutions Labs. This collaboration aims to integrate the Bridged USDC Standard into Soneium, a public Ethereum layer 2 blockchain.
With bridged USDC as a key token, Soneium is set to enhance value exchange. This integration opens up new opportunities for creators and users alike. It allows for smooth, secure, and borderless transactions. In short, it supports a growing global economy powered by decentralized technologies.
The Bridged USDC Standard is a straightforward specification. It allows for a bridged version of USDC on Ethereum-compatible blockchains. Essentially, this bridged USDC acts as a proxy for the native USDC on Ethereum. Developers on Layer 2 blockchains, like Soneium, can easily add digital dollar payments to their applications. Plus, Soneium follows Circle’s standards, which means a smooth transition to native issuance is possible in the future.
Last month, Sony Block Solutions Labs and Startale Labs launched Soneium. This versatile blockchain is designed to meet various sector needs and support users worldwide. Soneium's mission? To create an open internet that connects people across cultural differences. It offers low-latency transactions, high throughput, and a developer-friendly environment.
Recently, Pyth Network announced its partnership with Sony Group and Startale Labs. They will integrate a real-time price oracle into Soneium. This collaboration aims to improve the blockchain experience for developers and users alike. It provides essential support to Sony’s Web3 infrastructure.