Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium

Group 1 - Startale Group has launched a stablecoin called Startale USD (USDSC), pegged to the U.S. dollar, intended for use within the Soneium ecosystem for payments and rewards [1] - The Soneium platform is an Ethereum layer-2 network developed by Sony Block Solutions Labs, a collaboration between Sony Group and Startale [1] - Japan is increasingly adopting digital currencies, with stablecoins, valued at $300 billion, being recognized as viable payment alternatives [2] Group 2 - Major Japanese banks, including MUFG, SMBC, and Mizuho, have received regulatory approval for pilot projects involving yen-based stablecoins [2] - Sony Bank plans to issue its own stablecoin next year, further contributing to the digital currency landscape in Japan [2] - USDSC is built on M0's infrastructure, a startup known for developing modular platforms for programmable stablecoins [3] Group 3 - Startale is also launching STAR Points, a rewards system designed to incentivize users for engaging with USDSC and the Startale App [3] - The CEO of Startale, Sota Watanabe, emphasized the goal of making Web3 tools as user-friendly as mainstream applications [4] - This stablecoin launch is part of Startale's broader strategy to capture a share of the projected $19 trillion tokenization market by 2033, following a partnership with SBI Holdings to create a digital asset exchange [4]