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Sony may launch a US dollar stablecoin for ecosystem payments in gaming and anime.
Odaily News Sony Group plans to issue a dollar-pegged stablecoin next year for American customers to use within its digital ecosystem to purchase content such as games and anime. This move comes after Sony's banking division, Sony Bank, applied for a national bank charter in the U.S. in October. The charter will allow its subsidiary Connectia Trust to engage in "certain specified activities involving encryption," including the issuance of a stablecoin pegged to the dollar, maintaining corresponding reserve assets, and providing custody and digital asset management services. Sony Bank has partnered with stablecoin company Bastion, which will provide the infrastructure for the Sony stablecoin. Sony Bank hopes that American customers will be able to use its stablecoin for payments.
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