PlayStation with cryptocurrencies? Sony plans to launch a stablecoin for in-game payments

Source: PortaldoBitcoin Original Title: PlayStation with cryptocurrencies? Sony plans to launch stablecoin for in-game payments Original Link: Sony, the video game and technology giant, plans to launch a stablecoin backed by US dollars next year, which could be used to purchase games and anime within its digital ecosystem.

This plan is likely to apply only to the US, thanks to the approval of legislation that has paved a clear regulatory path for stablecoin issuance in the country.

The news comes after the banking division of the group, Sony Bank, applied in October for a national banking license in the US. This license would allow its subsidiary to engage in “certain specified activities involving cryptocurrencies.”

The Independent Community Bankers of America Association later urged the national trade association to block the company’s proposal, claiming it was exploiting regulatory loopholes to avoid traditional banking oversight.

According to reports, Sony Bank expects American customers to pay their subscriptions with its stablecoin throughout the ecosystem. This would reduce the payment fees often charged with credit cards.

The expanding PlayStation platform includes digital games and subscriptions for the PlayStation 5 console, as well as PC games and others that can be streamed to various devices via cloud computing.

The Sony Group also operates the popular anime streaming service Crunchyroll.

This is not the first time Sony has flirted with cryptocurrency implementations. In 2021, the company filed a patent in the US to create a standardized digital infrastructure that would allow players to own and transfer NFTs. The patent application stated that these NFTs could include in-game skins, avatars, art, weapons, or abilities. However, Sony has not yet implemented this functionality in the PlayStation ecosystem.

In that same year, Sony also filed a patent for a system that tracked digital assets in video games using blockchain. And in January 2025, Sony and its partner launched a second-layer blockchain on Ethereum on the (mainnet).

Fans of the technology giant hoped that this network would receive a series of PlayStation games. However, so far, no major Sony franchise has launched a game with cryptocurrencies on the network.

Instead, the platform has become a network with music NFT collections and a growing library of smaller games, as well as having hosted a partnership with a cryptocurrency game that has already been discontinued.