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 Rejected at $90 as ABC Correction Targets Lower Support
Key Insights
Solana price rejected the $90 resistance zone as sellers defended the range high, increasing the probability of a corrective market phase.
The current structure suggests an ABC correction where the recent rally may represent the B leg before potential downside continuation
CryptoFrontNews1h ago
BlackRock Attracts $600 Million in Bitcoin ETF Inflows, ETH and SOL Rally in Tandem, XRP Under Pressure Against the Trend
This week, Bitcoin spot ETF net inflows were significant, with BlackRock's IBIT absorbing $600.1 million and solidifying its leading position, while Grayscale's GBTC saw outflows of $25.9 million. Meanwhile, Ethereum and Solana ETFs also performed well, but XRP ETF experienced capital outflows of $28.07 million. Analysis suggests that current capital flows indicate institutional demand for safe-haven positioning in mainstream crypto assets, while the cautious stance toward XRP may influence market trends.
GateNews2h ago
Solana Accelerates Layout of Real-World Assets and AI Finance, Tokenized Stocks and Stablecoin Payments Advance in Parallel
The Solana ecosystem has recently released multiple updates, with a focus on expanding real-world financial assets, stablecoin settlement, and artificial intelligence applications. Tokenized stock markets are integrating with Solana DeFi, improving trading efficiency. International insurance companies are using stablecoins for cross-border transactions for the first time, demonstrating their advantages. Developers are exploring the combination of AI and blockchain to automate financial services. Solana has joined Mastercard's crypto partner program and released over 20 new projects, raising more than $80 million in funding, promoting the integration of blockchain and traditional finance.
GateNews2h ago
Aon, PayPal, and Mastercard Enter the Game, Solana Accelerates Real-World Finance Integration
The Solana ecosystem has recently achieved multiple financial integrations. Aon successfully completed premium settlements using PayPal USD on its platform, demonstrating the viability of blockchain in traditional payments. Additionally, Solana is exploring tokenized stocks and access to Nasdaq, and has joined Mastercard's cryptocurrency collaboration program to deepen financial infrastructure cooperation. This marks blockchain payments entering mainstream finance.
MarketWhisper3h ago
Bitcoin Breaks Through $74,000 Resistance Level, Crypto Market Strengthens Collectively, ETH and SOL Lead Weekly Gains
On March 16, the crypto market continued to rise, with Bitcoin surpassing $74,000, up 2.9% in 24 hours. Ethereum and Solana showed larger gains, indicating capital flowing toward higher-risk crypto assets. An improving macroeconomic environment provided market support, with falling oil prices and a weakening dollar aiding liquidity release. The market is focused on the upcoming Federal Reserve meeting, which could impact future interest rate expectations.
GateNews3h ago
SOL spot ETF experienced net inflows of $10.7001 million last week
According to SoSoValue data, from March 9 to March 13, SOL spot ETFs experienced a net inflow of $10.7001 million. The Bitwise ETF BSOL performed notably, with weekly net inflows of $14.673 million, bringing the total net inflow to $782 million. VanEck ETF had a weekly net outflow of $1.9781 million, with a total net inflow of $19.12 million. The total net asset value of SOL spot ETFs was $855 million.
GateNews5h ago
