Odaily News Sony Group plans to issue a dollar-denominated stablecoin next year for American customers to purchase content such as games and anime within its digital ecosystem. This move comes after Sony's banking division, Sony Bank, applied for a national banking charter in the United States in October. This charter will allow its subsidiary Connectia Trust to engage in “certain designated activities involving cryptocurrency,” 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 use its stablecoin to pay for game subscriptions and other content on the PlayStation platform, which will reduce the fees associated with 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 anime streaming service. (Decrypt)
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