TOKYO -- Japan's Sony Bank has applied for a banking license in the U.S., a step toward a goal of issuing a stablecoin pegged to the dollar.
Cryptocurrencies
Sony Bank applies for US license, eyeing dollar-backed stablecoin
Move comes on the heels of parent's spinoff from Sony Group
Sony Bank's move into the U.S. comes after President Donald Trump signed a law for regulating stablecoins. (Photo by Tsubasa Suruga)
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