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April 3, 2025 12:44 AM
Sony Electronics Singapore has officially enabled crypto payments through the Sony Store Online, allowing local customers to purchase electronics using USDC, a stablecoin pegged to the US dollar. The payment feature is powered by Crypto.com’s payment gateway and currently supports USDC exclusively.
This initiative represents Sony’s first direct foray into crypto transactions in Singapore. “We’re pushing to make paying in crypto more mainstream,” said Chin Tah Ang, General Manager of Crypto.com Singapore, adding that Sony’s participation will help increase adoption and awareness of digital payments.
USDC, issued by Circle, is currently the second-largest stablecoin by market capitalization, with $60.06 billion in circulation. Circle has also filed for an IPO with the US SEC, indicating further growth for regulated stablecoin infrastructure.
Sony’s crypto integration aligns with broader blockchain developments across the company. Its Singapore-based subsidiary, Sony Block Solutions Labs, recently launched Soneium—an Ethereum layer-2 network aimed at supporting digital collectibles, creator tools, and in-game assets. Soneium already supports bridged USDC and is positioned to power Sony’s future Web3 offerings.
While USDC is the only crypto payment supported at launch, Sony said it plans to expand its payment options in the future.
Crypto.com, meanwhile, continues its global expansion. It recently signed an agreement with Trump Media and Technology Group to roll out crypto-focused ETFs tied to Bitcoin and Cronos (CRO), pending regulatory approval.
CRO rose 8.5% following the news, reaching $0.10, according to CoinGecko data.
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