Sony Partners with Circle to Integrate USDC on Soneium

Circle, the issuer of the USDC stablecoin, has formed a strategic partnership with Sony Corporation to integrate USDC as the primary payment asset on Soneium, a new Layer 2 solution built on the Ethereum blockchain. 

This collaboration aims to enhance the digital entertainment landscape by merging financial services with innovative Web3 experiences.

Jun Watanabe, Chairman of Sony Block Solutions Labs, emphasized the transformative potential of this partnership, stating that it aligns with their vision of creating a more interconnected digital ecosystem. The integration will utilize Circle’s Bridged USDC Standard, allowing Soneium to facilitate seamless and secure transactions across its platform. 

This standard enables the use of a bridged version of USDC on Ethereum Virtual Machine (EVM)-compatible blockchains, which acts as a proxy for native USDC held on Ethereum.

The Soneium platform, launched in August 2024, is designed to support diverse applications and user needs globally. By incorporating USDC, Sony aims to empower creators and enhance user engagement within its blockchain ecosystem. Circle CEO Jeremy Allaire highlighted that this partnership not only advances USDC's adoption but also redefines how creativity and innovation are supported in the digital age.

As both companies continue to explore opportunities in blockchain technology, this collaboration marks a significant step towards integrating traditional finance with cutting-edge digital solutions in entertainment and beyond.