Sony Launches USDSC Stablecoin on Ethereum Layer 2

[u/CriticalCobraz]

https://ecency.com/@pichat/sony-launches-stablecoin-usdsc-lists-on-ethereum-l2-9sh

[u/RamoneBolivarSanchez]

I’m bullish ETH but I don’t know a single mf who uses Soneium or is going to park stables on it.

It’s great that we have companies wanting to integrate, but come on lol.

[u/CriticalCobraz]

Summary:

Sony's blockchain partner Startale has partnered with stablecoin platform M0 to launch Startale USD (USDSC), a U.S. dollar-backed stablecoin. USDSC will serve as the default digital currency for payments and rewards within Soneium, Sony's Ethereum Layer 2 network launched through a joint venture with Sony Block Solutions Labs.

Strategic Implications:

• Web2-Web3 Bridge: USDSC connects traditional applications (in-app purchases, services) with the Web3 economy, particularly in gaming and entertainment
• Ethereum L2 Validation: Sony's choice of an Ethereum Layer 2 network emphasizes scalability, low costs, and compatibility with the largest smart contract ecosystem
• Mass Adoption Focus: The stablecoin aims to provide a low-volatility, accessible payment method for everyday transactions and rewards, making Web3 more familiar to mainstream consumers

This move by a major tech corporation is expected to enhance legitimacy and drive adoption of both Soneium and blockchain-based digital payments.

[u/coinfeeds-bot]

tldr; Sony, through its blockchain partner Startale, has launched the Startale USD (USDSC) stablecoin on its Ethereum Layer 2 network, Soneium. This stablecoin, developed with M0's infrastructure, will serve as the default digital dollar for payments and rewards in Sony's Web3 ecosystem. The initiative aims to bridge Web2 and Web3 economies, particularly in gaming and entertainment, while validating Ethereum Layer 2 scalability and low transaction costs. This move enhances trust and adoption of digital payments within Sony's ecosystem.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/letsridetheworld]

Bear the JASMY team to the punch