A Big Step Towards USDC Payments: Sony Singapore Now Accepts Crypto Payments for Shopping

Shoppers in Singapore can now use cryptocurrency to buy gadgets from the Sony Store Online. Sony Electronics Singapore announced on Tuesday that it has enabled USDC payments through Crypto.com’s payment service. This marks Sony’s first step into direct crypto transactions in the region.

USDC, a stablecoin pegged to the U.S. dollar, allows customers to make secure transactions without worrying about price fluctuations. However, for now, this option is only available on the Sony Store Online and can only be used via Crypto.com’s payment system.

USDC’s Growing Presence in the Crypto Market

USDC is the second-largest stablecoin on the market, with a market capitalization of $60.06 billion. It trails behind Tether’s USDT with a larger market size of $144.02 billion. Circle, USDC’s parent company, is preparing for an IPO.

It has indeed submitted an S-1 filing with the SEC, which announces its intention to make an initial public offering (IPO).

The increasing adoption of USDC in transactions, like Sony’s latest move, is a testament to its growing trust and stability in the market.

Chin Tah Ang, General Manager of Crypto.com Singapore, expressed optimism about the development. “We’re pushing to make paying in crypto more mainstream,” he said, adding that a brand like Sony can boost crypto adoption worldwide.

Sony’s Bigger Vision: Blockchain and Web3 Expansion

Sony’s move to accept crypto payments aligns with its shift toward blockchain and Web3 technologies. Earlier this year, Sony introduced Soneium, an Ethereum layer-2 network developed by its Singapore-based subsidiary, Sony Block Solutions Labs.

While Soneium has been operating in the background, it has played a crucial role in supporting blockchain-based projects. The platform is designed to power digital collectibles, creator tools, and even in-game economies linked to Sony’s entertainment business. During its testing phase in September, Soneium integrated support for bridged USDC, reinforcing the token’s usability in Web3 transactions.

Developers have already used Soneium to launch NFT collections, including a soulbound drop celebrating Sony’s popular Aibo robot. Additionally, early-stage blockchain games and consumer-friendly tools are gradually being introduced to expand the ecosystem.

Crypto.com’s Continued Expansion in the Global Market

Crypto.com is gradually increasing its presence in the crypto arena. Crypto.com entered into a non-binding deal with Trump Media and Technology Group to introduce cryptocurrency-backed exchange-traded funds (ETFs) last month. The ETFs will feature products on Bitcoin (BTC) and Crypto.com’s native cryptocurrency, Cronos (CRO).

Subject to regulatory approval, the funds will be available on the Crypto.com platform soon. As the announcement was made, the CRO price surged 8.5% to $0.10

Sony’s latest move, and the continued evolution of platforms like Crypto.com, is one toward a future in which cryptocurrency payments become more the standard in day-to-day transactions. While Sony currently only supports the USDC, the company has shown that additional cryptocurrencies will be supported in the future, paving the way for broader adoption.