Circle Integrates Arbitrum: Boosts USDC Adoption with Free Bridging, Programmable Wallets, and DeFi Tools
September 14, 2024Sony has launched its Ethereum Layer-2 solution, Soneium, with the goal of enhancing Web3 innovation and popularizing blockchain technology.
In a strategic partnership with Circle, Soneium will integrate USDC, aiming to make it a primary token for value exchange on the platform.
Circle's CEO, Jeremy Allaire, emphasized that this collaboration is a significant step towards accelerating stablecoin adoption and improving Web3 experiences for creators.
Jun Watanabe, Chairman of Sony Block Solutions Labs, stated that this collaboration aligns with their vision for a more interconnected digital ecosystem.
Soneium will also incorporate Chainlink's Data Feeds into its Minato Testnet, enhancing its functionality and data accuracy for decentralized finance applications.
As part of its development, Soneium will implement Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its main cross-chain infrastructure.
Following its launch, Soneium gained significant attention, as indicated by increased mentions on Google Trends.
Soneium's testnet has already processed over 3.3 million transactions and created more than 200,000 wallets.
There is potential for Soneium's bridged USDC to be upgraded to native issuance in the future.
The Chainlink Scale program aims to promote sustainable growth within blockchain and Layer-2 ecosystems by providing access to affordable Oracle services.
The integration of USDC is expected to enhance the creator economy on Soneium and contribute to the wider Web3 ecosystem.
In addition to Circle, Soneium has formed partnerships with several key blockchain projects, including Astar, Alchemy, Chainlink, Optimism, and The Graph.
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