Corporate Stablecoins: Which Companies Have Embraced the Technology

PayPal is a global fintech company founded in 1998, serving hundreds of millions of users and businesses worldwide. Its ecosystem spans digital payments, remittances, acquiring, and e-commerce services.

PYUSD launched in 2023 as a native digital dollar within the PayPal ecosystem. The token is embedded directly into the app interface, eliminating the need for a separate crypto wallet. This design lowers the barrier to entry and positions the asset as an everyday payment tool. Paxos handles the legal issuance and reserve management, while PayPal oversees customer infrastructure and distribution.

Smart-contract statistics for PYUSD. Source: Etherscan

Unfortunately, the convenience of stablecoins has also attracted fraudsters. To avoid exposure to tainted funds, users should screen assets through AML tools such as BitOK.

Société Générale is one of France’s largest banking groups with a significant international presence. SG-Forge was established to focus on digital assets and financial instrument tokenization. Under the CoinVertible brand, the division issues settlement tokens.

The CoinVertible line addresses the cash leg of tokenized asset transactions. In traditional finance, settlement flows through clearing systems and takes time. Blockchain enables atomic settlement by synchronizing payment with asset transfer. EUR CoinVertible operates primarily within European markets, while USD CoinVertible supports international settlements. Both products are designed for institutional participants.

Smart-contract statistics for EUR CoinVertible. Source: Etherscan

JPMorgan is the largest bank in the United States by assets and has been actively building digital payment infrastructure for corporate clients. JPM Coin is minted against specific deposits and redeemed upon conversion back to fiat. The token operates in a closed network and is not available to retail users. Its primary function is to accelerate corporate settlements and streamline treasury operations.

Because the system runs in a private environment, publicly available data on token circulation and users is limited.

StraitsX focuses on building digital payment rails across Asia, targeting enterprise clients and fintech integrations. XSGD represents a digital form of the Singapore dollar, while XUSD facilitates dollar-denominated settlements. Both tokens are actively used in real-world payment flows beyond exchange trading.

Smart-contract information for XSGD. Source: Etherscan

GMO is a major Japanese technology conglomerate. GMO-Z.com Trust operates as a licensed U.S. trust company.

GYEN provides a digital representation of the yen, while ZUSD functions as a digital dollar. The company emphasizes regulatory compliance and legal transparency. Both tokens are intended for payments and use within partner financial services.

Smart-contract information for GYEN. Source: Etherscan

Sony Bank is an online bank within the financial arm of technology giant Sony. The institution is exploring stablecoins for digital settlements and cross-border payments.

Official materials reference ongoing development and partnerships, but there has been no confirmed full-scale launch or circulation data as of February 2026. One potential integration vector is the PlayStation ecosystem.

If you found yourself wondering why large corporations need stablecoins at all, the answer is straightforward. Blockchain technology — the foundation of these tokens — can significantly reduce the time and cost of everyday transactions. When companies act as issuers, they also gain end-to-end control over settlement flows and liquidity.

In a financial system long dominated by banking monopolies, stablecoins offer businesses an attractive alternative. Ironically, many banks have reached the same conclusion and are now issuing stable tokens of their own.

With the stablecoin market capitalization already surpassing $300 billion, further growth seems likely, especially with continued participation from traditional financial institutions.

To minimize the risk of interacting with tainted stablecoins that may have passed through fraudulent hands, remember to screen tokens using AML tools such as BitOK.