Sony Bank is releasing a dollar stablecoin in 2026 for gamers and anime fans
- Sony Bank is planning a dollar-based stablecoin next year and wants to cooperate with Bastion on the infrastructure.
- The stablecoin will be used for digital payments in games, anime and subscriptions, with unrivaled fees.
Sea According to Nikkei, Sony Bank plans to launch a dollar-pegged stablecoin in the US in 2026. The bank wants to open a branch specifically for this purpose, which will manage the stablecoin business and integrate it into its international operational business.
Sony Bank had already applied for its US banking license in October to operate its stablecoin project. The bank is working with the US stablecoin issuer Bastion and wants to use its existing infrastructure. This promises to give you an easy start and quick access to proven technology.
The stablecoin is intended to allow customers in the US to pay for video games, anime, subscriptions and other content from the Sony empire. The stablecoin could replace or complement credit card payments and minimize transaction fees.
Sony: New US market strategy with stablecoins
Sony’s U.S. sales reportedly contributed more than 30% of Sony’s foreign sales last fiscal year. By linking this project to the dollar stablecoin market, which has a total capitalization of over $291 billion, Sony aims to optimize payment options for its large US customer base.
Back in January of this year, Sony launched an Ethereum L2 as an independent company called “Block Solutions Labs Soneium”. Sony will then build a blockchain for content creators, fans and communities, which will serve as the basis for the new stablecoin. The move highlights Sony’s focus on the use of digital currencies in its entertainment division.
The development of stablecoins is also being pushed forward in Japan. Authorities recently approved JPYC as the first yen-backed stablecoin and are backing a project with three major Japanese banks. These measures demonstrate growing national support for digital currencies and aim to expand payment options in Japan and abroad.
Meanwhile, on the other side of the world, Deutsche Börse Group and AllUnity have entered into a partnership to integrate the euro-backed stablecoin EURAU into Deutsche Börse’s infrastructure. They will initially offer the EURAU in Germany via Clearstream using secure institutional custody. The step creates the conditions for the broader use of Euro stablecoins and reflects the global trend towards stablecoins.
No Comments