Sony customers in Singapore will be able to pay for purchases with USDC stablecoins

The company plans to add more crypto payment options in the future

02.04.2025 - 13:25

450

3 min

What’s new? Customers in Singapore can now use cryptocurrency to pay for gadgets on the Sony Store Online. For instance, Sony Electronics Singapore has added support for the USDC stablecoin from issuer Circle through the payment service of centralized crypto exchange (CEX) Crypto. com.

Press release

What else is known? Crypto.com Singapore CEO Chin Tah Ang said that the exchange aims to make cryptocurrency payments more mainstream, and a brand like Sony will help increase the visibility of crypto payments.

For now, Sony only supports one cryptocurrency, but the company plans to add support for more digital assets in the future.

Singapore’s SGX exchange to launch open-ended bitcoin futures

New products will not be available to retail investors

Overall, Sony is actively pursuing blockchain and Web3-related business lines. Earlier this year, it unveiled Soneium, an Ethereum blockchain-based Layer 2 (L2) network created by Sony’s Singapore-based subsidiary Block Solutions Labs.

Soneium is designed for a variety of use cases, including blockchain game development and the exchange of digital collectibles. During a testing phase in September, Soneium integrated support for wrapped USDC to enable transactions in native applications.

Crypto.com has launched commission-free trading of stocks and ETFs in the US

The service is only available in a few states at first, but will later expand to the entire country

As for Crypto. com, last month it signed an agreement with Trump Media & Technology Group to launch cryptocurrency exchange-traded funds (ETFs), including products based on bitcoin and its own token Cronos (CRO). These funds are expected to be launched on the Crypto. com platform after regulatory approval.

CRO ranks 43rd in the overall cryptocurrency market capitalization ranking with a market cap of $2,83 billion and is trading at $0,1034, having added 2,7% overnight. The asset has risen in value by 29% in two weeks.

Japan’s SBI plans the country’s first USDC listing

The group of companies is now laying the groundwork for a “full-scale introduction of stablecoins”

In turn, USDC is the seventh-largest cryptocurrency and the second stablecoin after Tether’s USDT with a capitalization of $60,1 billion. The issuer USDC Circle recently filed with the US Securities and Exchange Commission (SEC) to go public through an initial public offering (IPO).

Author: