Sony Unveils Dollar-Backed Stablecoin Project by 2026

Sony Bank, the financial arm of Japanese multinational conglomerate Sony, is set to launch a dollar-backed stablecoin within the U.S. marketplace as early as fiscal year 2026, according to Nikkei reports. This digital asset will facilitate payments for Sony’s services, including video games, anime, and digital subscriptions, across its ecosystem. The stablecoin, backed by assets such as government bonds to ensure stability, will utilize a cost-effective and time-agnostic system that avoids delays in transactions.