Sony Bank to Issue USD-Pegged Stablecoin Starting Early 2026 – Report
Sony Bank, the banking division of tech large Sony, is reportedly issuing its US dollar-pegged, GENIUS-regulated stablecoin for US clients as early as fiscal 2026, Nikkei reported Monday.
The Group plans to roll out its 1:1 USD-pegged stablecoin for funds and settlement inside its gaming and anime enterprise.
Until now, Sony clients have paid for subscriptions through bank cards and different means, the report added. Launching a stablecoin would probably cut back charges paid to bank card issuers.
Sony’s Stablecoin Debut and Challenges
Sony took the US markets unexpectedly in October by filing for an OCC application to set up a nationwide crypto financial institution constitution beneath its subsidiary “Connectia Trust.”
If authorized, Sony can be among the many main tech corporations to obtain stablecoin stablecoin-tied U.S. financial institution constitution.
Sony has filed with the @USOCC to create Connectia Trust, a nationwide crypto financial institution set to situation a U.S. greenback–backed stablecoin#Sony #Stablecoin #OCChttps://t.co/6vGJud8E7W
— Cryptonews.com (@cryptonews) October 16, 2025
However, on November 6, the Independent Community Bankers of America (ICBA) wrote a letter to the US OCC, “strongly opposing” Sony Bank’s software.
The Group accused that the approach is designed to receive the benefits of a U.S. financial institution constitution with out turning into topic to the total scope of U.S. financial institution laws.
ICBA added that Connectia’s mannequin exceeded the normal scope of belief banks. An approval would weaken the historic separation of banking and commerce, pivoting the sector in opposition to neighborhood banks, it added.
US Stablecoin Market Expands Rapidly
The announcement comes at a time when stablecoins are more and more influencing worldwide finance and U.S. fiscal stability.
The complete market cap of two of the most important USD-pegged stablecoins – Tether’s USDT and Circle’s USDC – accounts for $260 billion, DefiLlama data shows. Further, the full stablecoin market capitalization now exceeds $306 billion.
Standard Chartered issued a dire warning just lately, suggesting that over $1 trillion could flow out of emerging-market (EM) banks and into stablecoins by 2028, as adoption of dollar-pegged crypto belongings accelerates globally. This makes Sony’s entry well-timed for a quickly rising sector of the digital financial system.
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