Sony Bank, part of tech giant Sony, is preparing to launch a US dollar-pegged stablecoin for American customers by fiscal year 2026. This initiative aims to streamline payments primarily within Sony’s gaming and anime sectors by reducing credit card transaction fees. The company has taken steps to secure a national crypto bank charter through its subsidiary Connectia Trust, marking a bold entry into the financial sector, although it faces opposition from community banks concerned about regulatory fairness. Sony's move comes at a time when the US stablecoin market is rapidly expanding, reflecting broader global adoption trends towards dollar-backed crypto assets.
Continue to read Sony Plans USD-Backed Stablecoin Launch for US Market by 2026
Sony Bank, part of tech giant Sony, is preparing to launch a US dollar-pegged stablecoin for American customers by fiscal year 2026. This initiative aims to streamline payments primarily within Sony’s gaming and anime sectors by reducing credit card transaction fees. The company has taken steps to secure a national crypto bank charter through its subsidiary Connectia Trust, marking a bold entry into the financial sector, although it faces opposition from community banks concerned about regulatory fairness. Sony's move comes at a time when the US stablecoin market is rapidly expanding, reflecting broader global adoption trends towards dollar-backed crypto assets.
Continue to read Sony Plans USD-Backed Stablecoin Launch for US Market by 2026
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