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Circle, the company behind USDC, has announced a partnership with Sony Block Solutions Labs to bring its stablecoin to Soneium. As a part of this collaboration, Soneium will integrate the Bridged USDC Standard.
On September 15th, Circle announced its partnership with Sony. The goal is to make USDC a go-to choice for creators and developers using Sony's layer-2 blockchain, Soneium.
Circle has been working to enhance the global use of the USDC stablecoin. In a recent move to boost USDC adoption, the company announced plans to open a new international office in New York City.
He pointed out that Circle has been sluggish in addressing significant security issues, specifically noting the company's delayed action in blacklisting funds associated with the North Korean hacker group Lazarus.
Stablecoin issuer Circle has partnered with Sony Block Solution Labs, making bridged USDC as one of the blockchain's primary tokens for value exchange.
Stablecoin giant Circle, the issuer of USDC, recently announced plans to collaborate with Sony Block Solutions Labs, a Singapore-based company that taps into blockchain technology. The collaboration comes as an effort to bring bridged USDC to the Sony company's newly launched Ethereum Layer 2 Soneium.
The partnership could significantly enhance digital finance and entertainment, promoting global adoption of decentralized technologies. The post Circle and Sony partner to bring USDC to Soneium appeared first on Crypto Briefing.
The firm says it wants to make its stablecoin the standard for Web3 creators using Sony's new layer-2 blockchain.
Stablecoin issuer Circle has partnered with Sony Block Solutions to make USDC a primary transaction token on the Soneium blockchain.
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept.
ZachXBT, arguably one of the most renowned on-chain sleuths in the world, just went off on USDC issuer Circle and its CEO, Jeremy Allaire. He called them greedy and indifferent to the crypto community's security.
Circle announces move to New York City, positioning USDC at Wall Street's core.
USDC issuer Circle is facing serious accusations after blockchain sleuth ZachXBT called out the company for allegedly ‘profiting' from transactions linked to the North Korean hacker group Lazarus. ZachXBT, known for his investigative work in the Web3 space, took to social media platform X to criticize Circle and its CEO Jeremy Allaire.
Circle Internet Financial, the company behind the US Dollar Coin (USDC), has announced the integration of the Arbitrum layer-2 scaling chain into its Web3 infrastructure platform.
2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.
Circle integrates its USDC stablecoin with Arbitrum's Layer-2 network, enhancing Web3 tools for developers and expanding USDC's presence in decentralized finance.
It's Circle's latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether's USDT.
Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin swapped a significant sum of ETH to deposit into a DeFi protocol, with traders predicting a bright future for it. What Happened: Lookonchain data shows that Vitalik Buterin deposited 2.27 million (CRYPTO: USDC) into Aave (CRYPTO: AAVE).
A wallet linked to Vitalik Buterin made a deposit to Aave in ETH and USDC following a period of ETH sales. Buterin claims some of the sales were part of a previously preset CoW Swap liquidation to benefit a bio-defense organization.
China's Digital Yuan has shown remarkable growth, with transaction volumes surpassing $1 trillion, outpacing the combined activity of stablecoins USDC and USDT. This significant milestone comes after more than ten years of development and four years of rigorous pilot testing across 17 regions, as detailed by Lu Lei, the Deputy Governor of the People's Bank
Vitalik Buterin's wallet sold 190 ETH for $442K USDC, fueling speculation. Buterin's address moved 950 ETH at an average price of $2,396.
Brazilian digital bank Nubank has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. This officially ends operations for the token launched in March 2023.
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether, expanding BBVA's digital asset solutions for clients.
The crypto asset services of BBVA in Switzerland have integrated stablecoin USDC. BBVA launched the service with Bitcoin and Ethereum in 2021.
