OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business

Sony Bank secures OCC approval to establish Connectia Trust for stablecoin issuance

Sony Bank secures OCC approval for Connectia Trust, a national trust bank to issue dollar-backed stablecoins for gaming and payments. Signal: stablecoins transition from crypto niche to mainstream payment infrastructure; impacts CTO settlement strategy and fintech budget allocation.