Sony Bank taps Bastion as sole stablecoin issuer for 2026 launch
- —Bastion is the sole stablecoin issuance provider for Sony Bank
- —The token will be backed 1:1 by USD reserves managed by Bastion
- —Launch is planned for 2026 subject to regulatory approval
- —Bastion holds a NYDFS limited purpose trust charter and state money transmitter licenses
Why it matters: Major corporates are moving to branded stablecoins to bypass card network interchange fees of 1.5% to 3.5% per transaction.
Source: Crypto Briefing
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