According to a recent Nikkei report, Sony Bank is reportedly planning to enter the USD stablecoin game. The Nikkei report noted the Sony stablecoin could be used to as a payment option for Playstation and Crunchyroll (both owned by Sony) payments in the United States.
According to Bastion, the crypto company will manage the issuance of Sony stablecoins backed by the U.S. dollar, reserve management, and custody at scale for Sony Bank.
About Bastion
Bastion is a stablecoin-as-a-service modeled crypto company that manages stablecoin issuance, wallets, and more for enterprises and financial institutions. Bastion boasts of investments from Sony’s Innovation Fund, Coinbase Ventures, and Samsung Next.
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