Sony Bank plans to issue a stablecoin in the U.S. as early as the fiscal year 2026, the Nikkei reported on Monday.
The online banking arm of Sony Financial Group, which was spun out of the electronics giant this year, envisages the USD-pegged stablecoin being used to pay for games and anime, according to the report.
Customers largely use credit cards to complete such transactions at present, so Sony may look to promote stablecoin payments through the lower fees they enable.
Sony Bank applied for a banking license in the U.S. in October and plans to establish a subsidiary to handle the issuance of a stablecoin, seeking to capture the opportunity from the expansion of this sector in the last year.
The U.S. passed the GENIUS act into law in July, establishing a regulatory framework for the issuance and use of USD-backed stablecoins.
Sony Bank did not respond to CoinDesk’s request for further comment.