Circle has announced a new strategic partnership with Sony Block Solutions Labs to expand the list of supported stablecoins on the Soneium blockchain.
Partnership Details
On September 16, Circle released a press statement announcing its collaboration with Sony Block Solutions Labs. As part of the partnership, Soneium will integrate the Bridged USDC Standard, positioning Bridged USDC as one of the first assets available for value exchange on the platform.
Sony's Statement
Jun Watanabe, chairman of Sony Block Solutions Labs, stated that the collaboration aligns with the company's vision of creating a “more interconnected and efficient digital ecosystem.” The partnership was announced two weeks after Samsung Next, the venture arm of the South Korean tech giant, announced its participation in the Soneium Spark program through an investment in Singapore-based Startale Labs.
Soneium Development Plans
Sony introduced Soneium in late August, outlining a three-year roadmap for the blockchain. The initial focus will be on web3 users. In the second year, Sony Music, Sony Pictures, and Sony Bank are expected to be onboarded. By the third year, the platform will open up to enterprises and decentralized applications.
The collaboration between Circle and Sony Block Solutions Labs promises to enhance stablecoin integration within the digital ecosystem, potentially contributing to the broader adoption and use of cryptocurrencies.
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