Sony Bank To Launch Stablecoin For Games, Anime Payments
Sony Bank is planning a US stablecoin launch as early as fiscal 12 months 2026, aiming to energy low-fee funds for Sony video games and anime.
Sony Bank To Issue Stablecoin As New Payment Method For Games & Anime
As reported by Nikkei Asia, Sony Bank may subject a stablecoin pegged to the US Dollar as early as fiscal 12 months 2026. Sony Bank, a subsidiary of Sony Financial Holdings, is without doubt one of the largest on-line banks in Japan. It utilized for a banking license within the US again in October.
The financial institution’s mother or father firm went public in September and spun off into its personal entity separate from Sony Group. The agency, nevertheless, is continuous to assist the group’s enterprise developments. The stablecoin mission is one such avenue, as Sony Group envisions that the USD-pegged token will likely be utilized by clients to pay for content material like video games and anime in its ecosystem.
Sony Group is a widely known identify around the globe, controlling a number of massive media-related companies like Sony Interactive Entertainment, the corporate behind the PlayStation, and Sony Pictures Entertainment, a filmmaker.
In the fiscal 12 months that led to March 2025, US clients made up 30% of the group’s total gross sales to exterior clients. With Sony Bank’s stablecoin, the multinational conglomerate is now hoping these customers can begin paying within the ecosystem with digital property, chopping again on the transaction charges paid to bank card firms.
The financial institution has fashioned a partnership with Bastion, an American stablecoin infrastructure options supplier, to assist with the mission. “The financial institution plans to determine a subsidiary to deal with its stablecoin enterprise,” famous Nikkei.
The transfer from Sony comes a number of months after President Donald Trump signed the GENIUS Act, establishing a regulatory framework for stablecoins within the US. These cryptocurrencies have additionally been gaining momentum in different components of the world not too long ago. Hong Kong launched its stablecoin laws in August and plans on handing out issuer licenses subsequent 12 months. Japan noticed the launch of its first yen-backed coin in October.
Major European banks have come collectively to type a consortium to launch a euro-pegged stablecoin, aiming a rollout within the second half of 2026 in a bid to problem the at present USD-dominated market. Over the previous 12 months, the fiat-tied cryptocurrencies have loved some sharp progress, however within the final month, they’ve suffered a slowdown as a part of the downturn within the digital property sector as an entire.
Below is a chart from DeFiLlama that reveals how the market cap of the stablecoins has modified over the past a number of years.
The stablecoin market cap set a brand new file of $309 billion in late-October. Since then, the metric has seen a small decline to $306 billion. USDT and USDC, the 2 largest tokens within the area, alone account for about $261 billion of this determine.
Bitcoin Price
At the time of writing, Bitcoin is buying and selling round $86,700, down almost 6% over the past 24 hours.
