BackSony Bank subsidiary receives preliminary approval for US stablecoin issuance

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Sony Bank subsidiary receives preliminary approval for US stablecoin issuance

Sony Bank stablecoin US dollar

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Sony Bank's subsidiary, Connectia Trust, National Association, has received preliminary approval from the OCC to establish a US national trust bank.
This unit will support the issuance and management of US dollar-denominated stablecoins, marking Sony's entry into regulated US stablecoin issuance with $40 million in starting capital.

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Sony Bank's subsidiary, Connectia Trust, National Association, has received preliminary approval from the OCC to establish a US national trust bank. This unit will support the issuance and management of US dollar-denominated stablecoins, marking Sony's entry into regulated US stablecoin issuance with $40 million in starting capital.

Read the full article on Cointelegraph

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Sujetsstablecoin US dollar Connectia Trust OCC digital assets CLARITY Act

This article was originally published by Cointelegraph.

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