Bridged USDC

One World

World

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-and-sony-join-forces-to-expand-usdc-adoption-4/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Join Forces to Expand USDC Adoption</a> 
Financial technology firm Circle, the issuer of the USDC stablecoin, has partnered with Sony Group’s Singapore-based 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/insights-on-bitcoin-price-trends-and-market-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/ark-invest-ceo-discusses-current-crypto-market-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market.
<h2 id="integration-of-the-bridged-usdc-standard">Integration of the Bridged USDC Standard</h2>
In a September 15 announcement, Circle revealed that the Bridged USDC Standard would be integrated with Sony’s newly developed blockchain protocol, Soneium. This integration positions 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/qcp-analysts-latest-bitcoin-prediction-is-a-bottom-in-sight/" 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="combining-blockchains-for-flexibility">Combining Blockchains for Flexibility</h2>
Circle explained that Bridged USDC offers flexibility for blockchains integrating the infrastructure. According to the company, blockchains using Bridged USDC can transition smoothly to local USDC issuances in the future, fostering 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, “We are ready to reshape the landscape of digital entertainment and finance by integrating Circle’s financial infrastructure with Soneium.”
Circle’s CEO, Jeremy Allaire, noted that the agreement with Sony Blockchain Solutions Lab is a significant step in promoting the adoption of the USDC stablecoin across various blockchains, emphasizing that it serves their mission to accelerate the adoption of stablecoins and blockchain technology.
Circle plans to open a new international office in New York to boost global usage of the USDC stablecoin. Set to open in early 2025, the office will be located on the 87th floor of Manhattan’s One World Trade Center.
This partnership between Circle and Sony Blockchain Solutions Lab aims to accelerate the adoption of stablecoin technology and blockchain infrastructure across various sectors. The integration of USDC into the Soneium network offers developers the opportunity to easily incorporate digital dollar payments into their applications, contributing to a more connected and efficient global digital ecosystem.
The post <a href="https://en.coin-turk.com/circle-and-sony-join-forces-to-expand-usdc-adoption-4/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Join Forces to Expand USDC 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 Join Forces to Expand USDC Adoption

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