Sony Group Issues Yen-Pegged Stablecoin through Partnership of Soneium and Sony Bank
CryptoNewsTerminal Staff10 Sep, 2024
Sony Group Issues Yen-Pegged Stablecoin through Partnership of Soneium and Sony Bank
Cointelegraph reported on Sony Group's collaboration between its Layer 2 network Soneium and its internet-only bank Sony Bank. This partnership has resulted in the issuance of a yen-pegged stablecoin. This move aligns with the growing trend of major corporations embracing blockchain technology and digital assets. The stablecoin's value will be pegged to the Japanese yen, providing users with a stable and reliable medium of exchange in the crypto space. The integration with Sony Bank's extensive financial network is expected to provide a gateway for mainstream adoption.
