Sony Bank just got conditional OCC approval for a $40M US trust subsidiary.
What does this mean?
They're gearing up to issue dollar-backed stablecoins. Traditional finance giant entering the stablecoin wars.
Watch this space. When TradFi moves into stables with regulatory backing, liquidity follows. $USDC and $USDT dominance might get tested sooner than expected.
What does this mean?
They're gearing up to issue dollar-backed stablecoins. Traditional finance giant entering the stablecoin wars.
Watch this space. When TradFi moves into stables with regulatory backing, liquidity follows. $USDC and $USDT dominance might get tested sooner than expected.