Stablecoin

Do Kwon, the disgraced founder of Terraform Labs, has been sentenced to 15 years in federal prison for his role in the catastrophic collapse of Terra Luna, which wiped out over $40 billion in investor funds and devastated hundreds of thousands of retail investors worldwide.

Sony Bank is planning to issue a U.S. dollar-pegged stablecoin as early as fiscal 2026, aiming to enable crypto payments within Sony’s entertainment ecosystem and reduce transaction costs.