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Sony Bank Just Entered the US Stablecoin Race
Conditional OCC approval secured for Connectia Trust, a US national trust bank built to issue a dollar-backed stablecoin.
40 million dollars capital, backed by cash and Treasuries, live target 2027.
Here is what the headlines miss:
🔹 This is a conditional nod, not a live license
🔹 A trust charter cannot take deposits or make loans
🔹 Sony joins Circle, Ripple, BitGo, Fidelity and Paxos in the queue
The real game is not the token. It is who controls the charter.
Stablecoin market cap now above 308 billion dollars.