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Circle has teamed up with Sony Block Solutions to make USD Coin (USDC) the primary transaction token on the Soneium blockchain. This collaboration will allow users and creators to carry out secure, borderless transactions, aiming to foster a more connected and decentralized global economy.
Bridged USDC, a version of USDC transferred from its original Ethereum blockchain to Soneium, will be used for transactions. The process locks USDC on Ethereum and mints an equivalent amount on the new blockchain, giving users flexibility while ensuring the value is backed by the original deposit.
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“This collaboration aligns ideally with our vision of creating a more interconnected and efficient digital ecosystem,” <a href="https://www.circle.com/en/pressroom/circle-and-sony-block-solutions-labs-to-enable-usdc-on-soneium" target="_blank" rel="noopener noreferrer nofollow">said</a> Jun Watanabe, Chairman of Sony Block Solutions Labs.
Soneium, currently in its testing phase, plans to launch its mainnet in 2025. The platform aims to revolutionize content creation, distribution, and fan engagement by integrating blockchain technology into Sony’s entertainment services. This could include NFTs, digital rights management, and more.
For developers, Soneium will offer the tools to create decentralized apps (dApps) using Sony’s infrastructure, opening up new possibilities for decentralized services linked to Sony’s products.
The partnership between Circle and Sony marks a significant step toward a decentralized digital future, with both companies aiming to deliver real-world benefits for users worldwide.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/08/28/sony-launches-soneium-testnet-minato-for-web3-development/" target="_blank" rel="noopener noreferrer nofollow">Sony Launches Soneium Testnet Minato for Web3 Development</a>
</blockquote>

Circle Partners with Sony for USDC Integration on Soneium

The Crypto Times

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