Stablecoin

Bridged USDC

One World

USDC

Standard

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-and-sony-team-up-to-expand-usdc-stablecoin-adoption/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Team Up to Expand USDC Stablecoin Adoption</a> 
Financial technology firm 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 <a href="https://en.coin-turk.com/crypto-etf-developments-and-sec-delays/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/insights-on-hong-kongs-bitcoin-etf-and-market-dynamics/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market.
<h2 id="integration-of-bridged-usdc-standard">Integration of Bridged USDC Standard</h2>
In a September 15 announcement, Circle revealed that the Bridged USDC Standard will be integrated with Sony’s newly created blockchain protocol, Soneium. This integration will establish USDC as the primary digital asset for transactions and value transfers on the platform.
Launched in August 2024, Soneium is a Layer-2 blockchain designed to scale the Ethereum network. The protocol aims to enhance the adoption of the <a href="https://en.coin-turk.com/investors-show-growing-interest-in-cryptocurrency-investments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> ecosystem by attracting application developers from sectors such as entertainment, gaming, and finance.
<h2 id="connecting-blockchains">Connecting Blockchains</h2>
Circle explained that Bridged USDC offers flexibility for blockchains integrating it into their infrastructure. According to the company, blockchains using Bridged USDC can smoothly transition to local USDC issuances in the future, promoting a more robust financial ecosystem.
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. He stated, “By integrating Circle’s financial infrastructure with Soneium, we are ready to reshape the environment for digital entertainment and finance.”
Circle CEO Jeremy Allaire noted that this agreement is a significant step to promote the adoption of the USDC stablecoin across various blockchains. “This collaboration is a pivotal moment in our mission to accelerate the adoption of our stablecoins and blockchain technology,” he said.
Circle plans to open a new international office in New York to increase the global usage of the USDC stablecoin. Scheduled for early 2025, the office will be located on the 87th floor of One World Trade Center in Manhattan.
In July, the company announced it had added 137 new members to its workforce, bringing the total to approximately 882 worldwide. The partnership between Circle and Sony Blockchain Solutions Lab aims to accelerate the adoption of stablecoin technology and blockchain infrastructure across various sectors, offering developers the opportunity to integrate digital dollar payments into their applications while contributing to a more connected and efficient digital ecosystem globally.
The post <a href="https://en.coin-turk.com/circle-and-sony-team-up-to-expand-usdc-stablecoin-adoption/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Team Up to Expand USDC Stablecoin Adoption</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Circle and Sony Team Up to Expand USDC Stablecoin Adoption

Table of Contents

COINTURK NEWS

Other articles published on Sep 16, 2024

Hedera Becomes Founding Premier Member of Linux Foundation’s New Decentralized Trust Initiative

exSat Partners with OKX to Boost Bitcoin Scalability and Ecosystem

Stocks to Watch Today: Intel, CrowdStrike, ORCL

PancakeSwap Launches AI-Powered Prediction Bot on Telegram

XRP To Hit $1 Within Weeks – Rollblock (RBLK) and Kaspa (KAS) Might Not Be Far Behind

What is Block Finality in Crypto? Transaction Security and Data Permanence

Join our free newsletter for daily crypto updates!