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Home›Crypto›Market Structure›Sony Bank secures preliminary approval to launch US st…

Sony Bank secures preliminary approval to launch US stablecoin business

The plan involves $40 million in starting capital for the new US stablecoin issuance unit, according to Cointelegraph.

Reported · Written up by our desk · Market Structure

Sony Bank has received preliminary approval from the Office of the Comptroller of the Currency to set up a stablecoin issuance business in the United States, Cointelegraph reports.

The effort will launch with $40 million in starting capital.

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Sources

CointelegraphSony Bank gets US regulator nod to issue stablecoins

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