Sony Bank Enters Stablecoin Market with USD-Backed Token for Gaming and Anime

Sony Bank is set to launch a US dollar-pegged stablecoin in the U.S. by fiscal 2026, according to Nikkei. This move represents a significant entry into the growing stablecoin market by a major Japanese financial institution. The token aims to simplify digital payments within Sony’s entertainment ecosystem, including purchases for games, mobile titles, anime content, and subscriptions. The company is collaborating with U.S.-based stablecoin issuer Bastion on this project.