Sony Bank Plans 2026 Dollar-Pegged Stablecoin for US Gaming and Anime Markets
Sony Bank will launch a GENIUS-regulated stablecoin pegged 1:1 to the US dollar by early 2026, targeting payment systems for its gaming and anime divisions. The MOVE aims to bypass credit card fees that currently apply to subscription services.
The tech conglomerate surprised markets in October 2025 by filing for an OCC national crypto bank charter through subsidiary Connectia Trust. Approval would position Sony alongside major tech firms holding stablecoin banking charters.
Opposition emerged from the Independent Community Bankers of America, which claims Sony seeks banking benefits without full regulatory compliance. The dispute highlights growing tensions between traditional finance and tech-led financial innovation.