Sony Begins Accepting USDC Payments in Its Singapore Online Store

2 months ago

Sony customers successful Singapore tin present usage the USDC stablecoin successful its online store.

Sony Electronics' Singapore (SES) has integrated cryptocurrency payments successful concern with crypto speech Crypto.com, the 2 firms said Wednesday.

Stablecoins are cryptocurrencies whose value is pegged to a real-world asset, specified arsenic the U.S. dollar oregon gold. USDC, issued by Circle, is the second-largest dollar-backed token, trailing lone Tether's USDT successful size.

Headquartered successful Singapore, Crypto.com won approval arsenic a supplier of Digital Payment Token (DPT) services successful the metropolis authorities successful June 2023, allowing it to supply crypto payments to clients.

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