- The Launch: Startale Group deployed “USDSC,” an institutional-grade stablecoin backed by US Treasuries, to power settlement on Sony’s Soneium network.
- The Incentive: The rollout includes “STAR Points,” a rewards engine incentivizing users to provide liquidity on Uniswap and mint USDSC.
- The Strategy: USDSC acts as the DeFi infrastructure layer, distinct from Sony Bank’s planned consumer stablecoin for gaming payments.
Startale Group, Sony’s key collaborator on the Soneium network, revealed an institutional‑grade dollar stablecoin designed to serve as the primary settlement currency for Sony’s Ethereum Layer‑2 ecosystem.
The asset, known as Startale USD (USDSC), now functions as the core unit of value within Soneium, an L2 platform that Sony rolled out in January after a successful testing phase involving millions of users and tens of millions of transactions.
USDSC is engineered on the M0 universal stablecoin platform, a framework that prioritizes fungibility and regulatory compliance over retail accessibility. M0 CEO Luca Prosperi described the architecture as a “first-principles” approach, allowing Startale to issue a digital dollar fully backed by short-term U.S. Treasuries.
Related: Sony’s Soneium Network Debuts ‘Gas-Free’ Startale App, Ditches Seed Phrases
Luca Prosperi, CEO and Co-founder of M0, said:
Notably, Startale wants to position USDSC as a central payment tool for users and developers who rely on the Startale App, which acts as the main portal into Soneium.
STAR Points Boost User Activity Across Soneium
The introduction of USDSC is accompanied by STAR Points, a rewards system designed to increase participation within Soneium’s expanding Web3 landscape.
Users may gain STAR Points through actions such as minting the stablecoin, holding it, or contributing liquidity on platforms like Uniswap. Additional rewards come from activity within Mini Apps and various missions built into the Startale App.
Projects building on Soneium now prepare to distribute tokens, rewards, and ecosystem benefits via the Startale App, using STAR Points as a distribution mechanism.
Also, a public waitlist is open for early access to both the stablecoin and the rewards program. It is also important to note that USDSC users can hold their tokens in vaults, enabling users to earn rewards on their assets, offering increased utility.
Sony Broadens Stablecoin Strategy
USDSC’s launch follows Sony Bank’s plans to develop its own dollar‑denominated stablecoin for use across Sony’s gaming, anime, and digital entertainment products.
As per earlier reports, Sony Bank seeks to reduce reliance on traditional payment rails while lowering transaction fees for US consumers, a market that accounts for more than a third of Sony’s external revenue.
Related: Soneium dApp Analysis Shows a Decline in Users but Sustained Transaction Volume
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Source: https://coinedition.com/startale-usdsc-stablecoin-launch-sony-soneium-star-points/
