10:55 AM EDT, 10/16/2025 (MT Newswires) -- Sony Group's ( SONY ) banking segment Sony Bank has applied for a banking license in the US as it aims to issue a stablecoin pegged to the US dollar, Nikkei Asia reported Thursday.

Sony Bank's unit Connectia Trust has filed the application for the US license, Nikkei Asia said.

A stablecoin is a cryptocurrency that is pegged to a currency or an asset in order to maintain a stable value, according to the report.

Sony Group ( SONY ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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