Sony Bank is entering the stablecoin realm on Polygon to reduce payment costs and expand digital currency use in gaming and entertainment. Despite Japan's strict regulations, Sony has teamed up with SettleMint to test yen-backed stablecoins, indicating a deeper involvement in Web3 technologies. In light of TerraUSD's failure, Sony is leading Japan's move towards secure, fiat-pegged stablecoins to comply with new regulatory standards for user protection. According to a report by Nikkei, this initiative aims to take advantage of the benefits of stablecoins in cost reduction for payments and remittances. Sony's goal is to enhance engagement with its intellectual properties in gaming and sports through digital currencies. The trial will focus on overcoming legal challenges related to transferring stablecoins backed by the Japanese yen and has been assigned to SettleMint for implementation.