Sony to Open U.S. Trust Bank for Stablecoin Issuance, Potential Visa Benefit
V•Sony plans to establish a federally chartered U.S. trust bank to custody dollar reserves and issue its own U.S. dollar-pegged stablecoin under a new trust charter. Visa could see incremental payment volumes and network usage if Sony leverages Visa’s rails for stablecoin-based transactions.
1. Sony Plans U.S. Trust Bank for Stablecoins
Sony plans to establish a federally chartered U.S. trust bank to custody dollar reserves and issue its own U.S. dollar-pegged stablecoin under a new trust charter. The launch represents Sony’s first regulated foothold in digital currency services and creates potential new settlement flows through payment networks like Visa.
