Circle, the issuer of the world’s most widely used USDC stablecoin, announced an historic partnership with Sony’s Block Solutions Labs to bring USDC as the primary transaction token on the brand-new Soneium blockchain. This partnership will combine bridged USDC, allowing for safe, frictionless transactions within the Soneium network, unlocking a more integrated digital economy for the world.
Showcasing Soneium’s Transaction Ecosystem with Bridged USDC
Bridged USDC, to put it simply, means that there is movement of USDC from its native blockchain which, in most cases is Ethereum. The USDC deposited in the original native blockchain would get locked and an equivalent value of the bridged USDC would issue on the new blockchain. Though it be an asset collateralized by an original deposit, at a new network where one may execute pliable and efficient transactions, the bridged USDC can function independently.
We are thrilled about what this partnership unlocks, both for technological advancement but also in delivering tangible benefits for Soneium and the wider users globally,” said Jun Watanabe, chairman of Sony Block Solutions Labs, adding that this collaboration is entirely in line with the vision of a more connected and efficient digital ecosystem.
Soneium’s Vision and Upcoming Launch End
The union is part of a greater effort by Sony Group’s blockchain subsidiary to deeply cement blockchain technology within the firm’s service offerings. Most recently, the company announced the “Minato” testnet, an important step for Soneium–a platform that will help shape content creation, distribution, and consumption. By layering in blockchain, Soneium would provide better digital rights management, NFT-enhanced fan engagement, and tokenized access to content.
With this, the mainnet of Soneium, targeted to be released in 2025 would allow developers to make dApps using the solid infrastructure of Sony. Still, the date for the launch is unconfirmed; the testing phase currently happening is believed to chisel the abilities of the platform so that it could eventually reach the foreseen launch.
That step towards the realization of a digitized, efficient, and decentralized economy is closing in on bringing USDC as a primary enabler in the ambitious vision for Soneium with this collaboration with Circle and Sony Block Solutions Labs.
