Financial technology company Circle, the issuer of the USDC stablecoin, has partnered with Sony Group’s Singapore-based unit, Sony Blockchain Solutions Lab. This collaboration aims to broaden the adoption of USDC, the second-largest stablecoin in the cryptocurrency market.
Integration of Bridged USDC Standard
In an announcement dated September 15, Circle revealed that the Bridged USDC Standard would be integrated with Sony’s newly developed blockchain protocol, Soneium. This integration will make USDC the primary digital asset for transactions and value transfers on the platform.
Connecting Blockchains
Circle explained that Bridged USDC offers flexibility to blockchains integrating it into their infrastructure. According to the company, blockchains using Bridged USDC can seamlessly transition to native USDC issuances in the future for a more robust financial ecosystem.
Sony Blockchain Solutions Lab's Comment
Jun Watanabe, head of Sony Blockchain Solutions Lab, expressed that integrating Circle’s stablecoin infrastructure aligns with their vision of creating a more connected ecosystem. Watanabe stated, “By integrating Circle’s financial infrastructure with Soneium, we are ready to reshape the environment of digital entertainment and finance.”
The partnership between Circle and Sony Group demonstrates how two major companies aim to expand the adoption of the USDC stablecoin by incorporating it into new blockchain protocols and creating a more connected digital world.
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