Sony Bank Launches USD Stablecoin for Gaming, Anime Purchases

Sony Bank is set to launch a US dollar-backed stablecoin in the United States as early as fiscal 2026. This move, aimed at simplifying digital payments within its ecosystem, marks one of the first major entries by a large Japanese financial institution into the stablecoin market. The stablecoin will integrate with Sony’s entertainment and technology platforms to facilitate transactions for PlayStation games, mobile titles, anime content, and subscriptions. The stability of the USD-pegged token offers an alternative to traditional credit card networks, reducing fees associated with international payments.