Sony Bank Plans USD Stablecoin Launch in the U.S. by 2025, Nikkei Reports

According to a report from Japan's Nikkei newspaper, Sony Bank, the financial arm of the Sony Group, is considering the issuance of a U.S. dollar-pegged stablecoin. The potential launch is targeted for the United States market as early as the next fiscal year, starting in April 2025. This strategic move would leverage blockchain technology to facilitate global remittances and payments for Sony's extensive entertainment and gaming ecosystem. The initiative highlights the growing interest of major traditional corporations in digital assets and stablecoins as a bridge between conventional finance and the crypto economy. Sony Bank is reportedly in the process of selecting a blockchain platform for the stablecoin's issuance and ensuring compliance with evolving U.S. regulatory frameworks for digital currencies.