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The Nexus
BUSINESSJul 9 · 07:50 UTCTHE BLOCKTimmy Shen

Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin

Sony Bank has received conditional approval from the OCC for its trust bank subsidiary, Connectia Trust, to issue a dollar-backed stablecoin. The stablecoin's issuance and management are pending final approval.

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