Sony Bank in Japan is testing a yen-backed stablecoin for payments related to gaming and sports intellectual property (IP) Sony Bank, the financial arm of Sony Group Corporation, is experimenting with issuing its stablecoin pegged to fiat currencies like the yen on the Polygon blockchain in collaboration with SettleMint. They aim to assess legal issues and explore using stablecoins for lower fees in money transfers and payments, as well as for businesses using Sony's intellectual property. Sony Group is also exploring Web3 technologies, such as NFTs, in its operations.
Crypto
