The issue will be handled by the American company Bastion, chosen as the exclusive partner for the project. It will manage the reserves, issuance, and storage of the digital currency.
This will allow Sony to reduce payment costs, which can reach 1.5–3.5% per purchase, simplify international settlements, and speed up cash flow. The company is developing infrastructure through its own banking division and has applied for a trust bank license in the United States for its subsidiary Connectia Trust, which will allow it to legally issue stablecoin.
Sony already has its own Soneium blockchain, so the launch of stablecoin may be the first step in a larger strategy in the gaming and digital space.