Sony Bank Plans 2026 Stablecoin For PlayStation Payments

Sony Financial institution, the web lending subsidiary of Sony Monetary Group, is reportedly getting ready to launch a stablecoin that can allow funds throughout the Sony ecosystem within the US.

Sony is planning to subject a US dollar-pegged stablecoin in 2026 and expects it for use for purchases of PlayStation video games, subscriptions and anime content material, Nikkei reported on Monday.

Concentrating on US clients — who make up roughly 30% of Sony Group’s exterior gross sales — the stablecoin is anticipated to work alongside current cost choices similar to bank cards, serving to scale back charges paid to card networks, the report mentioned.

Sony Financial institution utilized in October for a banking license within the US to determine a stablecoin-focused subsidiary and has partnered with the US stablecoin issuer Bastion. Sony’s enterprise arm additionally joined Bastion’s $14.6 million elevate, led by Coinbase Ventures.

Sony Financial institution has been actively venturing into Web3

Sony Financial institution’s stablecoin push within the US comes amid the corporate’s lively enterprise into Web3, with the financial institution establishing a devoted Web3 subsidiary in June.

“Digital belongings using blockchain know-how are included into a various vary of providers and enterprise fashions,” Sony Financial institution mentioned in an announcement in Could.

“Monetary providers, similar to wallets, which retailer NFT (non-fungible tokens) and cryptocurrency belongings, and crypto alternate suppliers have gotten more and more vital,” it added.

The Web3 unit, later named BlockBloom, goals to construct an ecosystem that blends followers, artists, NFTs, digital and bodily experiences, and each fiat and digital currencies.

Associated: Animoca eyes stablecoins, AI, DePIN because it expands focus in 2026: Exec

Sony Financial institution’s stablecoin initiative follows the latest spin-off of its guardian, Sony Monetary Group, which was separated from Sony Group and listed on the Tokyo Inventory Trade in September.

The transfer was supposed to decouple the monetary arm’s stability sheet and operations from the broader Sony conglomerate, permitting every to sharpen its strategic focus.

Cointelegraph reached out to Sony Financial institution for remark relating to its potential US stablecoin launch, however had not obtained a response by the point of publication.