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via Decrypt · By Decrypt Editorial
Sony Bank Clears OCC Hurdle for Dollar Stablecoin
DE
Decrypt Editorial(11:03 AM UTC)
1 min read
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- Japan's Sony Bank has won conditional approval from the U.S. Office of the Comptroller of the Currency to set up a national trust bank, Connectia Trust, to issue a dollar-backed stablecoin.
- The subsidiary will be established this month with $40 million in capital and is expected to begin operations in 2027, pending final approval.
- Sony envisions U.S. customers using the token to pay for…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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