Sony’s own bank, a subsidiary of Sony Group’s financial division, has apparently cleared the U.S. Office of the Comptroller of the Currency (OCC)’s hurdles and is about to introduce a stablecoin (a cryptocurrency pegged to the US dollar’s value) that you’ll be able to spend on PlayStation to avoid credit card purchases.
This is according to Yahoo Finance, which wrote that Sony Bank (yes, that is its real name) “has secured conditional approval from the OCC to establish a national trust bank,” which will give it the ability to issue “its own dollar-backed stablecoin.”
The bank aims to start operating with this cryptocurrency in 2027, as it still has a few remaining conditions to meet before everything is approved.
