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Sony Bank to Launch US-Dollar Stablecoin for PlayStation in 2026
Key Takeaways
- Sony Bank plans to launch a US dollar–pegged stablecoin in 2026 for PlayStation and other Sony services in the US;
- The new digital currency aims to lower payment fees and work alongside existing card options for smoother transactions;
- Sony’s Web3 arm, BlockBloom, focuses on linking fans, creators, and brands through blockchain and digital assets.
Sony Bank, the digital arm of Sony Financial Group, is preparing to introduce a new payment option that uses blockchain technology.
The bank plans to release a stablecoin tied to the US dollar by 2026, which will allow people in the United States to use it across Sony’s products and services, including PlayStation purchases, subscriptions, and anime content.
According to a report by Nikkei, Sony aims to make transactions smoother and cheaper for its American customers, who represent about one-third of Sony Group’s overseas revenue.
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The new currency is expected to work alongside credit and debit cards.
As part of this effort, Sony Bank applied for a US banking license in October. The company also partnered with Bastion, a US-based stablecoin issuer, to support the project's technical and regulatory aspects.
The company has also been expanding its presence in Web3 technologies. Sony Bank created a separate branch dedicated to blockchain-related business. In a statement, the bank said, "Digital assets utilizing blockchain technology are incorporated into a diverse range of services and business models".
This Web3 branch, later named BlockBloom, aims to bring together fans, creators, and brands through a platform that connects physical and digital experiences.
Klarna, a Swedish payments company, recently introduced a new stablecoin, KlarnaUSD, which is pegged to the US dollar. What is the goal of the initiative? Read the full story.