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Circle and Sony Block Solutions Labs to Collaborate to Enable USDC on Soneium

BlockBeats reported that on September 16, stablecoin issuer Circle and Sony Block Solutions Labs will work together to enable USDC on Soneium. Soneium will integrate the cross-chain USDC (Bridged USDC) standard and establish cross-chain USDC as one of the main tokens used for value exchange on the chain. Cross-chain USDC can serve as a proxy for native USDC on Ethereum, allowing developers built on L2 such as Soneium to use USDC payments to support their applications.

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Is it not surprising that Circle's decision to close consumer minting accounts is aimed at avoiding regulatory risks and reducing costs?

Circle announced the cessation of support for consumer Circle Mint accounts due to regulatory and cost pressures.

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Currently, USDC-related revenue accounts for only 15% of Coinbase's total revenue, and Coinbase is not merely an agent of Circle or USDC.

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On-Chain Activity

11h ago

Smart money that pocketed $2 billion from perfectly timing the last market bottom and top started buying 3,009 bitcoins yesterday.

12h ago

A certain whale has cumulatively withdrawn 13,000 ETH, worth approximately $30 million, from Binance over 6 days.

12h ago

Wintermute shorted major cryptocurrencies on Hyperliquid, accumulating a profit of $222 million.

13h ago

Anthropic pre-market contract short position top whale rolled over and added to the position again in the early morning, now with a floating profit of $6.56 million.

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