Video game and technology giant Sony Group plans to issue a US dollar-denominated stablecoin next year that can be used to purchase games and anime within the digital ecosystem, according to a report in the Japanese press. Nikkei.
The plan is likely to apply only to the United States thanks to the passage of the bill. genius act Earlier this year, the bill paved the way for clear regulation of stablecoin issuance in the country.
Following Sony’s banking division, sony bankapplied for a U.S. national bank charter in October. The license allows subsidiary Connectia Trust to engage in “certain activities related to virtual currencies.”
The Independent Community Bankers of America (ICBA) later urged the National Trade Association to: block Sony’s bidclaimed that they were exploiting regulatory loopholes to circumvent traditional banking supervision.
According to NikkeiSony Bank expects its US customers to pay subscription fees in stablecoins across its ecosystem, which will reduce payment fees often incurred when using credit cards. Sony Bank partners with stablecoin company Bastionaccording to Nikkeiprovides the infrastructure for the Sony stablecoin.
Sony’s thriving PlayStation platform includes digital games and subscriptions for the PlayStation 5 console, as well as PC games and other games that can be streamed to a variety of devices via cloud computing. Although the Nikkei report doesn’t specifically mention PlayStation, all of Sony’s gaming efforts run through the PlayStation brand. Sony Group also operates the popular anime streaming service Crunchyroll.
decryption Sony did not immediately respond to a request for comment on the reported plans.
This isn’t the first time Sony has flirted with implementing encryption.
In 2021, Sony will filed for a US patent Create a standardized digital infrastructure that allows gamers to own and transfer NFTs. According to the application, these NFTs could include in-game skins, avatars, artwork, weapons, or “video game skills.” However, Sony has yet to implement such functionality within the PlayStation ecosystem.
same year, Sony also applied Patent for a system that uses blockchain to track digital assets in video games. And in January 2025, Sony and partner Startale Group Ethereum Layer 2 network to Soneium main net.
Fans of the tech giant will appreciate that Soneium Many PlayStation games Roll on it. However, as of this writing, no major Sony franchises have released crypto games on Soneium. Rather, it has become a network. NFT music collection and growing library In addition to smaller games, it also hosted a partnership with Square Enix’s now-defunct Crypto Games. symbiosis.
