Traditional giants enter the fray, the stablecoin arena is about to undergo a major shakeup.

CoinWorld news, according to Banking Dive, Sony has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. Sony disclosed that Connectia Trust, a subsidiary of Sony Financial Group, plans to be established this month with a capital of $40 million and intends to launch USD-denominated stablecoin issuance and management-related business in 2027. The documents did not disclose specific products or client types.