As TOKEN2049 Singapore unfolds, crypto companies are expanding partnerships and announcing innovations. Circle and Sony Block Solutions Labs have partnered to integrate USDC on Sony’s Ethereum L2 blockchain, Soneium, using the Circle Bridged USDC Standard. This partnership aims to establish USDC as the main token for value exchange in Soneium, creating a more interconnected digital ecosystem.

NEAR Protocol has integrated with Nillion Network to enhance privacy tools for developers working in DeFi. The integration allows computing tasks to be taken off-chain, opening up new design possibilities for blockchain applications, particularly in AI. NEAR has been home to many decentralized AI projects, and this collaboration will help boost privacy-preserving solutions.

Internet Computer Protocol (ICP) is hosting the Chain Fusion Hub at TOKEN2049 in Singapore. This two-day event will include discussions from leaders in Web3, AI, and digital asset technologies, featuring prominent figures such as Dominic Williams of DFINITY and Michael Terpin of Transform Ventures. The platform will explore the future of interconnectivity and interoperability in the blockchain world.

In other developments, Fireblocks and Chainlink Labs announced a strategic collaboration to support banks in issuing and managing stablecoins. Their joint solution will provide real-time visibility into asset reserves and token supply, elevating stablecoins as a secure payment tool for institutional trading. This collaboration marks a significant step toward bringing blockchain and stablecoin technology to mainstream financial institutions.