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Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps


by Anisha Pandey
for CoinEdition
Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps

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  • The Launch: Startale Group deployed “USDSC,” an institutional-grade stablecoin backed by US Treasuries, to power settlement on Sony’s Soneium network.
  • The Incentive: The rollout includes “STAR Points,” a rewards engine incentivizing users to provide liquidity on Uniswap and mint USDSC.
  • The Strategy: USDSC acts as the DeFi infrastructure layer, distinct from Sony Bank’s planned consumer stablecoin for gaming payments.

Startale Group, Sony’s key collaborator on the Soneium network, revealed an institutional‑grade dollar stablecoin designed to serve as the primary settlement currency for Sony’s Ethereum Layer‑2 ecosystem.

The asset, known as Startale USD (USDSC), now functions as the core unit of value within Soneium, an L2 platform that Sony rolled out in January after a successful testing phase involving millions of users and tens of millions of transactio…

Read The Full Article Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps On Coin Edition.

Read the article at CoinEdition

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Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps


by Anisha Pandey
for CoinEdition
Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps

Share:

  • The Launch: Startale Group deployed “USDSC,” an institutional-grade stablecoin backed by US Treasuries, to power settlement on Sony’s Soneium network.
  • The Incentive: The rollout includes “STAR Points,” a rewards engine incentivizing users to provide liquidity on Uniswap and mint USDSC.
  • The Strategy: USDSC acts as the DeFi infrastructure layer, distinct from Sony Bank’s planned consumer stablecoin for gaming payments.

Startale Group, Sony’s key collaborator on the Soneium network, revealed an institutional‑grade dollar stablecoin designed to serve as the primary settlement currency for Sony’s Ethereum Layer‑2 ecosystem.

The asset, known as Startale USD (USDSC), now functions as the core unit of value within Soneium, an L2 platform that Sony rolled out in January after a successful testing phase involving millions of users and tens of millions of transactio…

Read The Full Article Tech Giant Sony’s Partner Unveils USDSC Stablecoin for Soneium Apps On Coin Edition.

Read the article at CoinEdition

In This News

Share:

In This News

Share:

Read More

Xinbi Processed $17.9B After Telegram Ban, TRM Labs Finds

Xinbi Processed $17.9B After Telegram Ban, TRM Labs Finds

A Chinese-language crypto guarantee service known as Xinbi processed nearly $17.9 bil...
Vitalik Buterin Says ETH-Backed Algorithmic Stablecoins Qualify as ‘True DeFi’

Vitalik Buterin Says ETH-Backed Algorithmic Stablecoins Qualify as ‘True DeFi’

Ethereum co-founder Vitalik Buterin argued that even well-designed ETH-collateralized...