Sony secures conditional approval to set up U.S. stablecoin trust bank
COINDESK ·
Sony's trust bank will not begin operations, including stablecoin issuance, until it receives all required approvals, including final approval from the OCC, Sony Financial said. Sony Bank's move follows earlier plans for a stablecoin that could be used for games and anime payments . The OCC approval is conditional and does not guarantee a launch date or token issuance. The filing comes as U.S. regulators have been moving ahead with stablecoin rules under the GENIUS Act , which establishes a comprehensive federal framework for payment stablecoins
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