Sony Bank Could Issue USD Stablecoin in U.S. Next Year: Nikkei

Sony Bank, the online banking arm of Sony Financial Group, reportedly plans to issue a USD-pegged stablecoin in the United States as early as the fiscal year 2026, according to a Nikkei report. The bank intends for this stablecoin to be used for payments related to games and anime, potentially leveraging lower transaction fees compared to current credit card usage. To facilitate this, Sony Bank applied for a U.S. banking license in October and intends to establish a subsidiary to manage the stablecoin issuance, aiming to capitalize on the growing sector following the U.S. passage of the GENIUS act in July, which established a regulatory framework for USD-backed stablecoins.

(Source：CoinDesk)