Forex
Sony Bank Partners with JPYC for Instant Stablecoin Purchases
Sony Bank and JPYC Inc., a stablecoin issuer, have signed a memorandum of understanding to explore connecting the yen-pegged stablecoin JPYC directly to Sony Bank's deposit infrastructure.
The agreement aims to eliminate the manual bank transfer step required to buy JPYC, allowing customers to convert deposits into the stablecoin instantly from their Sony Bank accounts through the JPYC EX platform.
JPYC began issuing its yen-backed token on October 27, 2025, operating under Japan's revised Payment Services Act, which classifies stablecoins as electronic payment instruments.