Stablecoin issuer Circle has announced a strategic partnership with Sony Block Solution Labs, positioning bridged USDC as a key token for value exchange on the Soneium blockchain.

This partnership aims to expand the range of supported stablecoins on Soneium, a public layer-2 network built on Ethereum. According to a press release on September 16, Soneium will integrate Circle’s Bridged USDC Standard. This move makes bridged USDC one of the first assets available for value exchange on the platform.

The Bridged USDC Standard allows developers to deploy a version of USDC compatible with Ethereum Virtual Machine blockchains. Circle mentioned that this network enables a seamless upgrade to native issuance in the future, although no specific timeline was provided for this development.

Jun Watanabe, chairman of Sony Block Solution Labs, stated that the collaboration aligns with the vision of creating a more interconnected and efficient digital ecosystem.

This partnership follows an announcement by Samsung Next, the venture capital arm of the South Korean tech giant, regarding its investment in the Soneium Spark program through Singapore-based Startale Labs.

Sony introduced Soneium in late August, outlining a three-year plan for the blockchain. Initially, the focus will be on web3 users, with plans to onboard Sony Music, Sony Pictures, and Sony Bank in the second year. By the third year, the platform will be open to enterprises and decentralized applications.

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