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Sony Bank plans to launch a US dollar-pegged stablecoin for American users of Sony gaming and anime content, aiming for a fiscal 2026 rollout. A Nikkei report shared by The Block said the project will support digital purchases across Sony platforms while reducing card-related fees. The bank is working with Bastion, has applied for a US banking license, and is setting up a new US entity to run the stablecoin business once approved.
The stablecoin will support game payments, anime subscriptions, and digital media purchases across Sony services. The move arrives as the US stablecoin market climbs past 291 billion dollars in capitalization. With more than 30 percent of Sony Group external sales coming from the US, the company sees an opening for a smoother payment system tied directly to its content.
Sony previously tested stablecoins on Polygon in 2024, using tokens pegged to the Japanese yen during experiments involving gaming and sports content. Belgium based SettleMint supported the legal and technical parts of that test. No final decision has been shared on which blockchain will host the new US dollar-based stablecoin. Sony has its own Ethereum Layer 2 network, Soneium, but no confirmation has been given on whether the coin will run there.
Sony expanded its web3 ambitions through Soneium, launched in early 2025 by Sony Block Solutions Labs in Singapore. The chain lets users create wallets with an email rather than private keys. A 4-week promotion called Soneium Conquest followed, introducing people to missions, NFTs, and simple games themed around creativity, community, and fun.
Past patents show a wider vision. In 2023, Sony outlined a system for renting in-game NFTs across consoles made by Sony, Nintendo, or Microsoft. The design would let viewers or players rent skins or emotes without offering gameplay advantages. Another filing from March 2024 described super-fungible tokens that bundle several digital items into a single token, enabling trades that web2 games do not support.
Japan is also stepping deeper into the stablecoin sector. Regulators approved JPYC as the first major yen-pegged stablecoin, and major banks are exploring shared stablecoin systems. Companies such as Binance Japan and Circle are also active in the space. Sony’s US dollar stablecoin aligns with this national interest in digital finance while extending the company reach abroad.
With a fiscal 2026 target and a large US customer base, Sony Bank looks to merge blockchain payments with entertainment services. More details are expected as development continues.