Sony Applies for US Crypto Banking Charter: A Move to Dominate Stablecoins

Sony is taking a major leap in the U.S. cryptocurrency market by applying for a national trust bank charter from the U.S. government. The move, spearheaded by their subsidiary Connectia Trust, aims to offer stablecoin issuance and crypto custody services. This signifies Sony’s significant entry into America’s burgeoning stablecoin sector, potentially shaking up liquidity dynamics as it faces regulatory scrutiny and broader fintech trends.