According to a report by Nikkei, Sony's commercial bank Sony Bank has revealed plans to issue a US dollar stablecoin, attempting to leverage the clear regulatory framework provided by the U.S. GENIUS Act to gain a competitive edge in the global digital payments race. Through its blockchain infrastructure Soneium and Web3 subsidiary BlockBloom, it aims to integrate the gaming and entertainment ecosystems of PlayStation, Sony Music, and Sony Pictures to create a borderless digital settlement network.
GENIUS Act ignites Sony's ambition to enter the stablecoin market.
Sony Bank recently applied to the United States, hoping to obtain a national bank charter through its subsidiary Connectia Trust, and issue a regulated USD stablecoin under the GENIUS Act. The act requires that stablecoins must be fully backed 1:1 by cash or bonds, and undergo monthly reserve proof and annual audits.
Sony's compliance-driven stablecoin strategy not only ensures regulatory compliance but also allows the company to strengthen cross-border transactions and digital settlement capabilities within its entertainment ecosystem.
(Who is the real bank? An analysis of the regulatory landscape of national trust banks, chartered banks, and crypto giants)
Soneium and BlockBloom: Sony's cryptocurrency infrastructure has taken shape.
In addition to stablecoins, Sony has already personally created multiple Web3 infrastructures, including the Ethereum L2 network Soneium built using the OP Stack, which focuses on low transaction costs and high scalability, and has now attracted over 170 projects.
On the other hand, Sony established BlockBloom a few months ago, focusing on providing Web3 wallets, NFT marketplaces, and consulting services, while isolating its regulatory business from Sony Bank to enhance innovation flexibility. A multi-infrastructure layout allows Sony to stay ahead in compliance and innovation.
Entertainment Empire Fully Connected: PlayStation Becomes the Largest Potential Growth Engine
Sony's decisive advantage lies in its vast user ecosystem, including Sony Music's launched fan NFTs, Sony Pictures testing movie-themed digital collectibles, and the flagship gaming console PlayStation exploring support for in-game transactions.
Once Sony's US dollar stablecoin enters these platforms, it will form a payment system similar to Apple or Roblox. Whether it is for game payments, content licensing, copyright settlement, or cross-border payments, all can be completed through the same digital payment channel, significantly reducing costs and enhancing ecosystem stickiness.
Can it challenge the global payment landscape? Sony's opportunities and challenges
Despite having a well-established layout, Sony still faces several challenges, including the uncertainty of the timeline for U.S. bank reviews and competition from payment giants such as PayPal and Stripe.
On the other hand, Sony's choice to issue a stablecoin in US dollars instead of Japanese yen has sparked discussions, possibly due to the gap in compliance and market base; as Sony continues to strengthen the integration speed between its various businesses and platforms, it is also expected to promote its own stablecoin to a certain scale, connecting the payment and entertainment ecosystems.
The Japanese Yen stablecoin JPYC is officially launched, with 7 major application scenarios to preview (.
This article announces that Sony is issuing a USD stablecoin, connecting the payment landscape of the global gaming and entertainment ecosystem, first appearing in Chain News ABMedia.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Sony announced the issuance of a US dollar stablecoin, connecting the payment landscape of the global gaming and entertainment ecosystem.
According to a report by Nikkei, Sony's commercial bank Sony Bank has revealed plans to issue a US dollar stablecoin, attempting to leverage the clear regulatory framework provided by the U.S. GENIUS Act to gain a competitive edge in the global digital payments race. Through its blockchain infrastructure Soneium and Web3 subsidiary BlockBloom, it aims to integrate the gaming and entertainment ecosystems of PlayStation, Sony Music, and Sony Pictures to create a borderless digital settlement network.
GENIUS Act ignites Sony's ambition to enter the stablecoin market.
Sony Bank recently applied to the United States, hoping to obtain a national bank charter through its subsidiary Connectia Trust, and issue a regulated USD stablecoin under the GENIUS Act. The act requires that stablecoins must be fully backed 1:1 by cash or bonds, and undergo monthly reserve proof and annual audits.
Sony's compliance-driven stablecoin strategy not only ensures regulatory compliance but also allows the company to strengthen cross-border transactions and digital settlement capabilities within its entertainment ecosystem.
(Who is the real bank? An analysis of the regulatory landscape of national trust banks, chartered banks, and crypto giants)
Soneium and BlockBloom: Sony's cryptocurrency infrastructure has taken shape.
In addition to stablecoins, Sony has already personally created multiple Web3 infrastructures, including the Ethereum L2 network Soneium built using the OP Stack, which focuses on low transaction costs and high scalability, and has now attracted over 170 projects.
On the other hand, Sony established BlockBloom a few months ago, focusing on providing Web3 wallets, NFT marketplaces, and consulting services, while isolating its regulatory business from Sony Bank to enhance innovation flexibility. A multi-infrastructure layout allows Sony to stay ahead in compliance and innovation.
Entertainment Empire Fully Connected: PlayStation Becomes the Largest Potential Growth Engine
Sony's decisive advantage lies in its vast user ecosystem, including Sony Music's launched fan NFTs, Sony Pictures testing movie-themed digital collectibles, and the flagship gaming console PlayStation exploring support for in-game transactions.
Once Sony's US dollar stablecoin enters these platforms, it will form a payment system similar to Apple or Roblox. Whether it is for game payments, content licensing, copyright settlement, or cross-border payments, all can be completed through the same digital payment channel, significantly reducing costs and enhancing ecosystem stickiness.
Can it challenge the global payment landscape? Sony's opportunities and challenges
Despite having a well-established layout, Sony still faces several challenges, including the uncertainty of the timeline for U.S. bank reviews and competition from payment giants such as PayPal and Stripe.
On the other hand, Sony's choice to issue a stablecoin in US dollars instead of Japanese yen has sparked discussions, possibly due to the gap in compliance and market base; as Sony continues to strengthen the integration speed between its various businesses and platforms, it is also expected to promote its own stablecoin to a certain scale, connecting the payment and entertainment ecosystems.
The Japanese Yen stablecoin JPYC is officially launched, with 7 major application scenarios to preview (.
This article announces that Sony is issuing a USD stablecoin, connecting the payment landscape of the global gaming and entertainment ecosystem, first appearing in Chain News ABMedia.