Crypto payments coming to PlayStation as Sony plans stablecoin launch in 2026

Sony Bank, the online lending subsidiary of Sony Financial Group, is reportedly preparing to motorboat a stablecoin that volition alteration payments crossed the Sony ecosystem successful the US.

Sony is readying to contented a US dollar-pegged stablecoin successful 2026 and expects it to beryllium utilized for purchases of PlayStation games, subscriptions and anime content, Nikkei reported connected Monday.

Targeting US customers — who marque up astir 30% of Sony Group’s outer income — the stablecoin is expected to beryllium alongside existing outgo options specified arsenic recognition cards, helping trim fees paid to paper networks, the study said.

Sony Bank applied successful October for a banking licence successful the US to found a stablecoin-focused subsidiary and has partnered with the US stablecoin issuer Bastion. Sony’s task limb besides joined Bastion’s $14.6 cardinal raise, led by Coinbase Ventures.

Sony Bank has been actively venturing into Web3

Sony Bank’s stablecoin propulsion successful the US comes amid the company’s progressive task into Web3, with the slope establishing a dedicated Web3 subsidiary successful June.

“Digital assets utilizing blockchain exertion are incorporated into a divers scope of services and concern models,” Sony Bank said successful a connection successful May.

“Financial services, specified arsenic wallets, which store NFT [non-fungible tokens] and cryptocurrency assets, and crypto speech providers are becoming progressively important,” it added.

Sony Bank established a Web3 subsidiary with an archetypal superior of 300 cardinal yen ($1.9 million) successful June 2025. Source: Sony Bank

The Web3 unit, aboriginal named BlockBloom, aims to physique an ecosystem that blends fans, artists, NFTs, integer and carnal experiences, and some fiat and integer currencies.

Related: Animoca eyes stablecoins, AI, DePIN arsenic it expands absorption successful 2026: Exec

Sony Bank’s stablecoin inaugural follows the caller spin-off of its parent, Sony Financial Group, which was separated from Sony Group and listed connected the Tokyo Stock Exchange successful September.

The determination was intended to decouple the fiscal arm’s equilibrium expanse and operations from the broader Sony conglomerate, allowing each to sharpen its strategical focus.

Cointelegraph reached retired to Sony Bank for remark regarding its imaginable US stablecoin launch, but had not received a effect by the clip of publication.

Magazine: Koreans ‘pump’ alts aft Upbit hack, China BTC mining surge: Asia Express