Issuer Stablecoin Circle is partnering with Sony Block Solutions to make USDC the key transaction token on the Soneium blockchain.
This integrated USDC integration paves the way for Soneium to provide developers and users with secure and borderless exchanges. As a result, the initiative aims to promote a global economy based on distributed technology, Circle said on Monday.
Sony and Circle’s combination of Bridged USDC opens up new opportunities for Soneium
Bridged USDC is a version of USD Coin (USDC) that has been migrated from its original blockchain, typically Ethereum, to another network. The process involves locking the USDC into its native chain and issuing the equivalent bridge currency of the USDC on the new blockchain. Backed by the initial deposit, the bridge token will operate automatically on the new network.
“This partnership aligns perfectly with our vision of creating a more connected and efficient digital ecosystem,” said Jun Watanabe, Chairman of Sony Block Solutions Labs.
“We are excited about the potential of this partnership, not only to advance the technology, but also to deliver tangible benefits for Soneium and customers around the world.”
Soneium Mainnet is planned for 2025
The partnership comes after Sony Group’s blockchain subsidiary recently launched the “Minato” testnet for Soneium.
Soneium aims to integrate blockchain into Sony’s entertainment services, potentially revolutionizing content creation, distribution and consumption. This could include digital rights management, fan engagement through NFTs or access to tokenized content.
The platform allows developers to build dApps using Sony devices, paving the way for distributed services integrated with Sony products. The highway is planned for 2025, though a specific date has yet to be determined. Currently, Soneium remains in the testing phase.