PANews reported on March 3 that JPYC, the issuer of the Japanese yen stablecoin, announced it has signed a basic strategic business cooperation agreement with Sony Bank to collaborate on services utilizing JPYC. Sony Bank's Web3 subsidiary, BlockBloom, will also participate in this collaboration, aiming to build a seamless new mechanism connecting banking infrastructure, stablecoins, and the entertainment sector.

In terms of specific initiatives, the two parties are exploring the provision of real-time account transfer functionality on JPYC's "JPYC EX" platform. Once implemented, this feature would allow users to purchase JPYC directly from their Sony Bank accounts without requiring additional transfers. Furthermore, the two companies will explore collaborations with entertainment IPs such as music and games, aiming to create a new experience that integrates payment and fan interaction.