Sony Bank plans to issue a stablecoin in the US as early as fiscal 2026, the Nikkei reported on Monday.
According to the report, the online banking arm of Sony Financial Group, which was spun off from the electronics giant this year, envisions the dollar-pegged stablecoin being used to pay for games and anime.
Customers currently largely use credit cards to complete such transactions, so Sony may try to promote stablecoin payments through the lower fees they allow.
Sony Bank applied for a US banking license in October and plans to establish a subsidiary to handle the issuance of a stablecoin, seeking to take advantage of the opportunity of this sector’s expansion in the last year.
The United States passed the GENIUS Act in July, establishing a regulatory framework for the issuance and use of stablecoins backed by US dollars.
Sony Bank did not respond to CoinDesk’s request for further comment.
