Sony Bank Plans to Launch USD Stablecoin by 2026
Sony Bank is preparing to introduce a U.S.-dollar-pegged stablecoin by 2026, aiming to streamline payments across its entertainment ecosystem. The token will integrate with PlayStation, streaming services, and anime platforms, offering faster and cheaper transactions compared to traditional credit-card networks.
The MOVE comes as Sony seeks to reduce reliance on high-fee payment processors, particularly in the U.S., which accounts for over 30% of its global revenue. The company has applied for a U.S. banking license and partnered with stablecoin infrastructure provider Bastion to ensure regulatory compliance from launch.
Critics, including the Independent Community Bankers of America, argue the stablecoin lacks FDIC insurance and resembles an unsecured bank deposit. Regulatory scrutiny focuses on whether Sony's trust-charter structure can legally support such a product, setting the stage for potential clashes ahead of the planned rollout.
