Yigit Taha OZTURK 
Japanese tech giant Sony’s Singapore subsidiary has partnered with Crypto.com to accept USDC payments, marking a major step in stablecoin adoption in the region.
Sony and Crypto.com Partnership: A New Era for Crypto Payments
On April 2, Sony Electronics Singapore announced that its online store now accepts USDC payments via integration with Crypto.com.
Chin Tah Ang, General Manager of Crypto.com Singapore, stated:
“We’re pushing to make crypto payments more mainstream. Partnering with an established and forward-thinking brand like Sony raises awareness of how simple it can be to use crypto for everyday purchases.”
This is just one of Crypto.com’s high-profile collaborations. In late 2024, the exchange partnered with Deutsche Bank to provide corporate banking services in Singapore, Australia, and Hong Kong.
Singapore Invests in Stablecoins
The decision by Sony Electronics Singapore to accept stablecoin payments reflects a growing trend in the region.
In February 2025, Metro, a publicly listed department store chain in Singapore, also enabled payments using USDT and other stablecoins.
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Reports from January 2025 suggested that Singapore has become a major destination for Web3 companies, issuing twice as many crypto licenses in 2024 as the previous year.
William Croisettier, Chief Growth Officer at ZKcandy, highlighted Singapore’s regulatory approach:
“The country takes a risk-adjusted approach to crypto regulation, focusing on major digital currencies to protect investors. It also makes it easier for new crypto firms to interact with local banking partners—a luxury in many other parts of the world.”
Singapore: The Emerging Crypto Hub
In November 2024, Singapore Gulf Bank sought at least $50 million in funding as part of its plan to acquire a stablecoin payment company in 2025.
A 2024 year-end study ranked Singapore as the top global leader in blockchain technology, based on multiple factors such as patents, job opportunities, and crypto exchange activity.
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