Sony Bank explores yen-pegged stablecoin
Sony Bank is working with Belgian startup SettleMint on a proof-of-concept, with the stablecoin set to be used in other areas, including gaming and sports.
Sony Bank is working with Belgian startup SettleMint on a proof-of-concept, with the stablecoin set to be used in other areas, including gaming and sports.
With blockchain technology, the Smart Stabilization System operates via an algorithm designed by SettleMint to prevent wild price swings triggered by “speculative booms and busts.”