USDC Becomes Soneium’s Primary Token, Thanks to Circle Deal

• Circle partners with Sony Block Solutions Labs to foster innovation and creativity through Soneium.
• Soneium will integrate the Bridged USDC Standard, introducing Bridged USDC as a primary token.
• The coalition will help unlock the innovative and creative potential of the digital era.

Circle, issuer of the popular stablecoin USDC, inked a partnership with Sony Block Solutions Labs, the developer behind the Ethereum Layer 2 network, Soneium. This collaboration will make Bridged USDC as the primary token for value exchange on the Soneium blockchain.

Soneium: A New Ethereum Layer 2 Solution

In August 2024, Sony Block Solutions Labs launched Soneium, a novel L2 solution on Ethereum, in partnership with Sony Group and the Web3 platform Startale Labs. While the L2 network is to operate on the optimistic rollups technology, reports indicate the initiative is focused on meeting the growing demand for decentralized products.

Read also: Another Major USDC Burn: Circle Destroys Millions of Stablecoins Again

The Bridged USDC Standard is a set of rules that establishes a compatible version of USDC on various Ethereum-based blockchains, in this case, Soneium. Bridge…

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