In a move to facilitate easy payment across its ecosystem, Sony Bank is gearing up for the launch of its stablecoin. The bank, which is a subsidiary of Sony Financial Group, aims to launch a US dollar-pegged stablecoin by 2026.
According to a Monday report by Nikkei, the stablecoin will help facilitate seamless payments such as PlayStation game purchases, subscriptions, and anime across the Sony ecosystem in the US.Â
As reported, the initiative is specifically directed at US customers who are currently responsible for more than 30% of Sony Group’s. Furthermore, the report established that the stablecoin will function alongside other payment methods supported by the group.
However, unlike credit cards which are also a popular channel supported by Sony, the stablecoin promises less network fees and faster completion time. In addition to simplifying payments within its ecosystem, the move to launch a stablecoin underlines the increasing effort of the Japanese giant to embrace blockchain innovations.
Also, the stablecoin indicates an integration of Sony’s ecosystem with regulatory compliance and reserve-backed stability. With the new move from Sony Bank, the firm is on course to disrupt the existing payment system across gaming and entertainment.
Sony Bank’s recent activity in the blockchain space
It’s worth mentioning that in October, Sony Bank applied for a banking license in the US. Then, reports suggested that the financial institution intends to establish a subsidiary dedicated to stablecoin.
So far, Sony Bank has collaborated with a US-based stablecoin issuer, Bastion which points to the commitment of the firm to achieve the goal. Due to that, Sony’s venture arm participated in a funding round where Bastion raised $14.6 million.
Similarly, in June, Sony Bank established a dedicated Web3 organ, BlockBloom after the firm commented on the growing relevance of blockchain innovations. In a statement, Sony Bank mentioned that digital assets are now finding their way into various sectors and business models.
Through BlockBloom, Sony Bank will build an ecosystem that combines fans, artists, NFTs, digital, and other physical experiences. As it stands, the financial institution’s entry to the stablecoin market indicates how blockchain-based innovation enjoyed a massive leap in 2025.
Aside from adoption, stablecoins saw the introduction of friendly regulations in key markets including the US. As per Coinmarketcap, the stablecoin market controls a $314 billion market cap with the likes of Tether and Circle controlling a significant portion.Â
Read More: