Sony Group intends to launch a USD-backed stablecoin next year following its U.S. bank charter application, aiming to enhance its digital ecosystem and reduce payment costs.
Sony Group plans to issue a USD-pegged stablecoin in 2025 for its digital ecosystem, following Sony Bank’s application for a U.S. bank charter. The stablecoin, supported by Bastion, will integrate into PlayStation payments, aiming to lower transaction fees. This development comes as Bitcoin surged past $92,000 with a 24-hour gain of 7.75%, and Bank of America announced that its advisors will be permitted to recommend up to a 4% Bitcoin allocation for client portfolios starting January.