tl;dr

Sony Electronics Singapore has announced that customers can now use USDC, a stablecoin pegged to the U.S. dollar, to make purchases on the Sony Store Online through Crypto.com's payment service. This marks Sony's first foray into direct crypto transactions in Singapore. With USDC being the second-mo...

Sony Electronics Singapore has announced its support for USDC payments through Crypto.com's payment service, marking the company's first local move into direct crypto transactions. This allows customers to use USDC, a stablecoin pegged to the U.S. dollar, for purchases on the Sony Store Online, exclusively through Crypto.com's payment system. With a circulation of $60.06 billion, USDC is the second-most prominent stablecoin after Tether's USDT at $144.02 billion, as reported by CoinGecko. This move reflects Sony's broader shift toward blockchain and Web3 technologies, exemplified by the launch of Soneium, a custom-built Ethereum layer-2 network developed by its Singapore-based subsidiary, Sony Block Solutions Labs.

Moreover, Crypto.com has expanded globally, signing a non-binding agreement with Trump Media and Technology Group to launch crypto-focused ETFs, including offerings tied to Bitcoin and its own Cronos token. Once regulatory clearance is obtained, these funds are expected to go live on the Crypto.com platform. This development follows Sony's gradual integration of blockchain technology, as demonstrated by the introduction of Soneium to support various blockchain use cases, including digital collectibles and creator tools. The integration of USDC into Soneium during its testing phase, further solidifies the token's potential for transactions across apps built on the network, with the possibility of inclusion in in-game economies associated with Sony's entertainment empire.


In a statement, Chin Tah Ang, General Manager of Crypto.com Singapore, expressed the intention to make crypto payments more mainstream while emphasizing that Sony's support for USDC payments would enhance visibility for such transactions. Although limited to USDC for now, Sony plans to include support for other cryptocurrencies in the future, indicating a continued commitment to embracing digital assets for transactions. This strategic move aligns with Sony's global operations' broader evolution toward blockchain and Web3 technologies, underlining the company's proactive approach to embracing innovative financial solutions.

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 18 Jul 25
 18 Jul 25
 18 Jul 25