Sony Bank gets US regulator nod to issue stablecoins
Sony Bank received preliminary approval from the US Office of the Comptroller of the Currency to establish a stablecoin-issuing trust bank subsidiary with $40 million capital. The move signals major traditional finance players entering regulated digital asset markets despite US regulatory uncertainty. Standard Chartered and Circle also integrated USDC infrastructure, while Congress debates the CLARITY Act's framework for crypto operations and yield products.
Coins in this story
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets....
Bitcoin price shows resilience above $60,000 amid renewed US-Iran hostilities
Bitcoin held above $62,000 as US-Iran tensions disrupted Strait of Hormuz shipping, pushing oil prices toward $80 and reviving inflation concerns. Higher crude threatens rate expectations, pressuring risk assets like Bitcoin. Traders monitor whether tanker traffic recovers or sustained supply disruptions keep energy markets tight, directly impacting Federal Reserve policy trajectory and crypto market direction.