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)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst Says Five Years of Nothing for Ethereum and Altcoin Will Finally End Soon
Analyst says five years of nothing for Ethereum and altcoins will end soon.
This means the altseason peak phase is nearing.
How far can the price of ETH pump this year?
Expectations for altseason to play out this year remain strong despite the many calls for the bear market to have
CryptoNewsLand1h ago
Bit Digital discloses it held 155,444.4 ETH as of the end of March, with its staked amount falling to 96,322 ETH
Bit Digital’s monthly report released on April 7 shows that, as of March 31, 2026, it held approximately 155,444.4 ETH, with a market value of about $327 million. The company’s ETH staking amount fell to 96,322 ETH in March, aiming to pursue other returns and capital allocation opportunities.
GateNews1h ago
A newly created wallet deposited $3.82 million into HyperLiquid to open a short position of 9,395.67 ETH with 20x leverage
Gate News updates, April 7, according to Onchain Lens monitoring, 30 minutes ago, a newly created wallet deposited $3.82 million USDC into HyperLiquid and opened a short position of 9,395.67 ETH with 20x leverage, worth $19.7 million.
GateNews2h ago
