Traditional financial giants are entering the stablecoin issuance scene. This pace is much faster than I imagined.

Biworldnews: Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to allow its U.S. trust bank to issue a U.S. dollar-backed stablecoin. This move marks a further expansion of Sony Bank in the stablecoin space.