Sony Bank is preparing to launch a US dollar-backed digital currency that will let PlayStation users pay for games and subscriptions with crypto.
The Japanese tech giant plans to roll out this stablecoin by fiscal year 2026, marking a major shift in how people buy digital entertainment.
The move puts Sony at the front of a growing trend where big companies create their own digital money. Unlike Bitcoin or other volatile cryptocurrencies, stablecoins keep steady value by backing each digital token with real US dollars.
Gaming Payments Get a Crypto Makeover
Sony’s new digital currency will work across the company’s entertainment empire. Players will be able to buy PlayStation games, pay for subscriptions, and purchase anime content using the stablecoin instead of credit cards.
The timing makes sense for Sony. American customers account for about 30% of Sony Group’s external sales. By creating a payment system tailored for US users, Sony aims to cut down on credit card fees while making transactions faster and cheaper.
Currently, when someone buys a $60 game on PlayStation, Sony pays processing fees to credit card companies. With their own stablecoin, these fees disappear. The savings could lead to lower prices for gamers or higher profits for Sony.
Technical Foundation and Partnerships
Sony Bank filed paperwork with US regulators in October 2024 to create a new subsidiary called Connectia Trust. This entity would handle the stablecoin operations under American banking rules.
The company partnered with Bastion, a US-based stablecoin technology provider backed by major crypto exchange Coinbase. Sony’s investment arm also joined Bastion’s $14.6 million funding round, showing the partnership goes beyond just technical support.
Sony already has experience with blockchain technology. The company launched Soneium, an Ethereum-based network, earlier this year to support digital content creators. The new stablecoin could work alongside this existing infrastructure.
Building a Web3 Entertainment Empire
Sony created a special division called BlockBloom in June 2025 to explore Web3 technologies. This unit focuses on connecting fans, artists, and digital assets through new payment systems and digital collectibles.
BlockBloom received initial funding of 300 million yen (about $1.9 million) and aims to blend physical and digital experiences. Think of buying a concert ticket that comes with exclusive digital artwork, or earning special game rewards that work across multiple Sony platforms.
The stablecoin fits into this bigger picture. Instead of having separate payment systems for different services, Sony wants to create one unified digital wallet that works everywhere in their ecosystem.
Regulatory Hurdles and Banking Opposition
Sony’s plans face significant pushback from traditional banks. The Independent Community Bankers of America (ICBA) sent a formal complaint to federal regulators, asking them to reject Sony’s application.
The banking group argues that Sony’s stablecoin acts like a bank deposit without following the same rules. Traditional banks must carry federal insurance and invest in local communities. Sony’s digital currency would skip these requirements while competing directly with bank services.
The ICBA also raised concerns about what happens if Sony’s crypto business fails. Federal regulators haven’t had to shut down an uninsured national bank since 1933. Managing a crypto company collapse involves technical challenges that could leave customers unable to access their money.
The regulatory review process could take 12 to 18 months. Public opposition from banking groups might extend this timeline even further.
Market Timing and Competition
Sony’s entry comes during a boom period for stablecoins. The total market value of dollar-backed digital currencies now exceeds $306 billion, with major growth expected to continue through 2025.
The US Congress passed the GENIUS Act in July 2025, creating the first federal rules for stablecoin companies. This legal framework gives businesses more confidence to enter the market, knowing the rules are clear and stable.
Sony joins other major companies exploring stablecoins. PayPal launched its own digital dollar, while traditional payment processors like Visa are building stablecoin settlement systems. Western Union announced plans for a blockchain-based money transfer token on Solana by 2026.
The project gained momentum after Sony Financial Group separated from Sony Group and began trading independently on the Tokyo Stock Exchange in September 2024. This restructuring gave Sony’s banking division more freedom to pursue digital payment innovations.
The difference is scale. PlayStation already operates one of the world’s largest digital marketplaces, processing billions in game sales and subscriptions each year. A Sony stablecoin could reach mainstream adoption faster than crypto-native projects.
What This Means for Gamers
For PlayStation users, the changes should be mostly invisible at first. The stablecoin will work alongside existing payment methods rather than replacing them completely. Players might see slightly lower prices or faster transaction processing, but the basic buying experience stays the same.
Over time, Sony could build more advanced features. Imagine earning stablecoin rewards for completing games, or automatically converting traditional money into digital currency when making purchases. The company might also create cross-platform loyalty programs that work across gaming, movies, and music services.
The broader stablecoin market growth suggests these features will become common across the entertainment industry. Sony’s early entry gives them an advantage in shaping how digital payments work in gaming.
The Bottom Line
Sony’s stablecoin represents more than just a new payment option. It signals how major entertainment companies plan to integrate blockchain technology into their core business operations.
The project faces regulatory uncertainty and industry opposition, but Sony’s commitment appears strong. The company restructured its financial division specifically to pursue these digital payment innovations. Whether other gaming giants follow suit may depend on how successfully Sony navigates the regulatory approval process and consumer adoption in 2026.