Sony Bank is accelerating its layout in the encryption payment system, planning to issue a stablecoin pegged to the US dollar as early as the 2026 fiscal year, aimed at serving Sony's vast global ecosystem of games, streaming, and anime. According to the Nikkei News, this stablecoin will allow users to directly pay for subscriptions and digital content on PlayStation and related platforms without relying on credit cards, further dropping Sony's payment costs on the credit card network.
In order to successfully launch the product in the US market, Sony Bank applied for a US banking license in October this year and plans to establish a branch in the US to handle issuance and compliance matters, while collaborating with the US stablecoin infrastructure company Bastion. Over 30% of Sony's revenue comes from the US, making American consumers a key group for the early promotion of stablecoins. This plan also benefits from the recently passed GENIUS Act.
Although Sony Financial Group has been spun off from the Sony Group, it has confirmed that it will continue to support the development and promotion of stablecoins. However, there are concerns in the U.S. banking industry regarding this plan. The ICBA pointed out that Sony's stablecoin appears to be similar to traditional deposit products but is not protected by FDIC insurance, which may pose risks to consumers. The agency also emphasized that Sony Bank has not yet fully met all of the requirements of U.S. financial regulation.
At the same time, institutional adoption of stablecoins is rapidly increasing. Western Union will launch a Solana-based USD token, USDPT, in 2026; nine major banks in Europe will also issue Euro stablecoins compliant with MiCA in 2026; in the United States, Wyoming has launched its own FRNT stablecoin, which is already running on multiple chains.
With the entry of giants and the gradual clarification of regulations, stablecoins are moving towards the mainstream, and Sony's involvement further accelerates the transformation of the global digital payment landscape.
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
Solana Price Faces $80 Test After $90 Rejection
Solana's price faces renewed downside pressure after failing to break above $90, forming bearish engulfing candles. This loss of control shifts focus to key support around $78, aligned with Fibonacci levels, reinforcing the bearish momentum as sellers dominate the market.
CryptoFrontNews50m ago
The Endgame of "Coin Hoarding Company": Liquidation or Self-Rescue?
Author: Prathik Desai
Translated and organized by: BitpushNews
Just over a year ago, for many companies seeking to boost their stock prices, becoming a cryptocurrency reserve company (DAT) seemed like an easy decision.
Some Microsoft shareholders convened meetings to ask the board to evaluate the benefits of including some Bitcoin on the balance sheet. They even mentioned Strategy, which is the largest publicly listed Bitcoin DAT.
At that time, a financial flywheel was in place, attracting everyone to follow.
Buying large amounts of Bitcoin, Ethereum, Solana (SOL). Watching the stock price exceed the value of these assets. Issuing more shares at a premium. Using that money to buy more cryptocurrencies. Cycle repeats. This financial flywheel supporting publicly listed stocks seemed almost perfect, enough to tempt investors. They paid over two dollars just to indirectly acquire Bitcoin worth only one dollar.
区块客2h ago
Solana's price faces a bullish trap as 50% of holders divest
The price of Solana (SOL) has increased by 2.9% in the past 24 hours, breaking above the neckline of the inverse head and shoulders pattern on the 12-hour chart. This is a common signal indicating a trend reversal, offering a potential upside of over 50%. However, this breakout is occurring amid long-term holders taking profits.
TapChiBitcoin7h ago
Weekly Crypto ETF Breakdown: BlackRock Sells $303.5M While Solana Gets $13.9M in Inflows
The recent weekly breakdown of the crypto Exchange-Traded Funds (ETFs) in the middle of February by Arkham indicates that the institutional sentiment has changed significantly, and Bitcoin and Ethereum have suffered significant net outflows.
Although the larger market was experiencing selling
BlockChainReporter11h ago
XRP Ledger Surpasses Solana in RWA Tokenization as Soil Launches Yield Protocol
Soil launched a compliant RWA-backed yield protocol on XRP Ledger for RLUSD, attracting $1M in deposits within 72 hours.
RLUSD holders access on-chain Yield Vaults offering fixed returns from private credit, tokenized government debt, and market-neutral hedge funds.
ORQO Group, an
CryptoNewsFlash12h ago
