Sony Bank Leverages Polygon Blockchain For Stablecoin Pilot Program
Summary
Sony Bank is launching a trial for its fiat-linked digital currency on the Polygon blockchain in collaboration with SettleMint. This move aligns with Sony's focus on blockchain and Web3 applications. Polygon's stablecoin market cap is over $1.5 billion, with Tether's USDT dominating the market. MATIC, Polygon's native token, has seen a positive trend in trading volume but a 3.5% price decline in the past 24 hours.
