On September 16, stablecoin issuer Circle and Sony Block Solutions Labs announced a strategic partnership to enable USDC functionality on Soneium, according to COINOTAG. The collaboration aims to integrate the cross-chain USDC (also known as Bridged USDC) standard, positioning it as a primary token for value exchange within the network. This cross-chain functionality will allow Bridged USDC to act as a substitute for native USDC on Ethereum, facilitating developers operating on Layer 2 platforms, like Soneium, to implement USDC payments seamlessly in their applications. This initiative represents a significant step towards enhancing the interoperability and utility of USDC across different blockchain ecosystems.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024