Sony pushes for dollar stablecoin to use for PlayStation purchases
Yahoo Finance Video
Thu, July 9, 2026 at 1:30 PM EDT
Scott Melker discusses how Sony Bank (SONY) is pushing for a new dollar stablecoin to be used for PlayStation game purchases
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00:00Speaker A
So, if we’re talking about plumbing and we’re talking about all the things that are being built regardless of <a href="https://comicvibe.com/what-time-is-the-love-island-finale-on-tonight/” title=”What Time Is the Love Island Finale on Tonight?”>what‘s happening with the market, we have these guys right here over in Japan, Sony Bank
00:07Speaker A
clears OCC hurdle for dollar stable coin. The lender’s new US subsidiary connect to your trust would issue a dollar pegged stable coin once it clears the regulator’s financial conditions
00:15Speaker A
Bank in Japan called Sony, which they’re a bank, not just Sonic the Hedgehog
00:21Speaker A
bank, right?
00:23Speaker A
Uh getting approval in the United States to potentially launch a stable coin, but interestingly, they want to do it to use in the PlayStation economy
00:30Speaker A
How cool is that? Sony wants you basically buying video games with a Sony dollar
00:32Speaker A
So we’ve gone from crypto will replace the banks to crypto will help you buy Call of Duty skins without a credit card
00:39Speaker A
But honestly, that may be the more realistic revolution and a great way for people to back door into crypto
00:46Speaker A
All of this, of course, is only possible because we had the Genius Act passed and we have rules of the road for stable coins
00:53Speaker A
Remember back to the early stories. We’re trying to get rules of the road for everything that’s not stable coins for crypto companies in the United States. Now, listen, this is conditional. They’re filing for a trust and they’re joining a much larger queue to get a charter like this
01:03Speaker A
I think Circle, Ripple, Bitgo, Fidelity, Paxos, all got conditional OCC nods in December. I mean, I think even World Liberty Financial with Trump
01:13Speaker A
They’ve applied
01:14Speaker A
But it doesn’t take a genius to figure out genius act
01:18Speaker A
just realized I did that
01:20Speaker A
Doesn’t take a genius act to realize what’s happening here is that everybody wants in on stable coins and once again on the plumbing of crypto and they’re going to adopt it
