Sony Electronics Singapore has officially begun accepting USD Coin (USDC) payments through a partnership with Crypto.com. Announced on April 2, this development allows customers to make purchases with the stablecoin directly on Sony’s online store.

Chin Tah Ang, General Manager of Crypto.com Singapore, emphasized the importance of the partnership, stating it aims to make crypto payments more accessible and mainstream. Collaborating with a trusted tech giant like Sony enhances consumer trust and showcases the growing ease of using digital currencies for everyday purchases.

This move is just the latest in a string of strategic initiatives by Crypto.com, which recently joined forces with Deutsche Bank to support corporate banking across the Asia-Pacific region, including Singapore, Australia, and Hong Kong.

Singapore itself is rapidly becoming a hotbed for stablecoin adoption. Earlier this year, department store chain Metro began accepting payments in stablecoins such as Tether (USDT). These changes align with Singapore’s regulatory push, which saw the city-state issue twice as many crypto licenses in 2024 compared to the previous year.

According to William Croisettier, Chief Growth Officer at ZKcandy, Singapore’s balanced approach to crypto regulation has made it an ideal environment for Web3 innovation. The government’s focus on safeguarding investors while enabling firms to build strong banking relationships has drawn global attention.

Adding to the momentum, Singapore Gulf Bank is planning a $50 million fundraising round to acquire a stablecoin payments company in 2025, underlining growing institutional interest.

As stablecoins like USDC and USDT gain ground in mainstream retail, Singapore’s progressive stance is positioning it as a global leader in blockchain adoption.