Sony

Sony Bank to Launch New Yen-Pegged Stablecoin with Ethereum Layer 2

September 10, 2024
Sony Bank, a subsidiary of Sony Group Corporation, is venturing into the cryptocurrency space by developing a yen-backed stablecoin. This initiative, in collaboration with Ethereum Layer 2 scaling solution Soneium, aims to bolster transaction efficiency and reduce costs by operating on a second-layer protocol. The announcement was first shared on social media by JC, a