Sony Group plans to release a dollar-denominated stablecoin next year for U.S. customers to use to purchase content such as games and anime within its digital ecosystem.
The move comes after Sony Bank, Sony's banking arm, applied in October for a US National Bank licence that would allow its subsidiary, Connectia Trust, to engage in "certain specified activities involving cryptocurrencies", including issuing dollar-pegged stablecoins, maintaining corresponding reserve assets and providing custodial and digital asset management services.
Sony Bank has partnered with stablecoin company Bastion to provide the infrastructure for Sony's stablecoin. Sony Bank hopes that US customers will be able to use its stablecoin to pay for game subscriptions and other content on the PlayStation platform, a move that will reduce processing fees for credit card payments.
Previously, Sony and its partner Startale Group launched the ETH Layer2 network Soneium in January 2025. Sony Group also operates the PlayStation platform and the Crunchyroll animation streaming service. (Decrypt)
Sony may launch a dollar stablecoin for ecological payments such as games and anime
2025-12-02 14:28:03
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