Bridged USDC

USDC

Standard

Propel

Partner

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/circle-and-sony-partner-to-propel-usdc-adoption/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Partner to Propel USDC Adoption</a><br></p>
<p style="text-align: justify">Financial technology company Circle, the issuer of the USDC stablecoin, has formed a partnership with Sony Group’s Singapore-based unit, Sony Blockchain Solutions Lab. This collaboration aims to broaden the adoption of USDC, the second-largest stablecoin in the <a href="https://en.coin-turk.com/bitcoin-leads-the-charge-as-cryptocurrency-market-shows-promising-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/analysts-discuss-bitcoins-current-market-situation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market.</p>
<h2 id="integration-of-the-bridged-usdc-standard">Integration of the Bridged USDC Standard</h2>
<p style="text-align: justify">In a September 15 announcement, Circle revealed that the Bridged USDC Standard will be integrated with Sony’s newly developed blockchain protocol, Soneium. This integration will position USDC as the primary digital asset for transactions and value transfers on the platform.</p>
<p style="text-align: justify">Launched in August 2024, Soneium is a Layer-2 blockchain designed to scale the Ethereum network. The protocol aims to enhance the adoption of the <a href="https://en.coin-turk.com/investors-navigate-complex-crypto-markets-as-bull-run-continues/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> ecosystem by attracting application developers from sectors such as entertainment, gaming, and finance.</p>
<h2 id="connecting-blockchains">Connecting Blockchains</h2>
<p style="text-align: justify">Circle stated that Bridged USDC offers flexibility to blockchains integrating its infrastructure. According to the company, blockchains using Bridged USDC can smoothly transition to issuing native USDCs, creating a more robust financial ecosystem.</p>
<p style="text-align: justify">Jun Watanabe, head of Sony Blockchain Solutions Lab, expressed that the integration of Circle’s stablecoin infrastructure aligns with their vision to create a more connected ecosystem. Watanabe highlighted that this partnership is in perfect harmony with their goal of reshaping the landscape of digital entertainment and finance.</p>
<p>The post <a href="https://en.coin-turk.com/circle-and-sony-partner-to-propel-usdc-adoption/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle and Sony Partner to Propel USDC Adoption</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Circle and Sony Partner to Propel USDC Adoption

Table of Contents

COINTURK NEWS

Other articles published on Sep 16, 2024

This Bullish Pattern Could Take BTC to $300K

DeltaPrime Suffers $5.93M Crypto Loss in Suspected Private Key Leak

Bhutan Holds Over $754.54 Million in Bitcoin Mined by Druk Holdings

US lawmakers urge top crypto ATM operators to tackle fraud

Bitcoin Name Service (BNS) Explained: .BTC Domains for Simpler Transactions

Circle Partners with Sony to Accelerate USDC Adoption

Join our free newsletter for daily crypto updates!