Circle And Sony Block Solutions Labs Form Strategic Partnership

According to Odaily, Circle has announced a strategic partnership with Sony Block Solutions Labs to drive innovation and creativity through decentralized technology on its Ethereum Layer 2 network, Soneium. This collaboration will integrate the Bridged USDC Standard, establishing bridged USDC as one of the primary tokens for value exchange on the blockchain. Through this integration, Soneium aims to unlock new opportunities for creators and users, enabling seamless, secure, and cross-border transactions while promoting a global economy built on decentralized technology. The Bridged USDC Standard outlines the specifications and processes for deploying bridged USDC on EVM-compatible blockchains. Bridged USDC acts as a proxy for native USDC on Ethereum, allowing developers building on Layer 2 blockchains like Soneium to easily incorporate digital dollar payments into their applications. By adhering to Circle's standard deployment process for bridged USDC, Soneium retains the option for a seamless upgrade to native issuance in the future.