Playtron Reveals M0-Powered ‘Game Dollar’ Stablecoin for Gaming Payments

Gaming operating system Playtron plans to launch Game Dollar on Sui with support from stablecoin platform M0 and payments platform Bridge.

Per the press release shared with Cryptonews, Game Dollar will be a stablecoin specifically for gaming. Players will use it for purchases, subscriptions, and rewards across Playtron’s and, eventually, other gaming ecosystems.

Also, the novel stablecoin will power Playtron’s gaming operating system GameOS, which aims to untie gaming platforms and ecosystems.

More specifically, the team says that Playtron will work to create “a neutral, programmable financial layer across games and gaming marketplaces.” This way, it’ll establish a consistent experience for payments and rewards.

As for initial partners, the team will build Game Dollar on top of the M0 stablecoin platform. Also, it will utilize Bridge’s payments APIs to support game marketplaces, publishers, and gamers.

Moreover, the stablecoin will launch exclusively on the Sui blockchain and will be available on the handheld gaming console SuiPlay0X1. The device is available for preorder.

Meanwhile, in September 2024, Playtron announced a strategic investment from Japanese gaming giant Square Enix.

Hideaki Uehara, General Manager, Investment, and Business Development of Square Enix, commented that the collaboration would leverage Playtron’s GameOS to “expand distribution of Square Enix’s portfolio of beloved franchises and explore new creative possibilities that are only possible when harnessing the full power of an operating system.”

Game Dollar Merges Payments Across Gaming Platforms

Playtron says that GameOS seeks to unite mobile, PC, and console games into a single experience. It enables all users to link their existing gaming provider accounts, thus bringing their entire library into one.

This includes Steam, Epic Games, GOG, and other platforms. Furthermore, the operating system supports many handheld gaming devices including Valve Steam Deck, ASUS, AYANEO, Lenovo, GPD Win, and more to come. Desktop PC is to come as well, the website says.

Furthermore, Game Dollar will be “a key component” of GameOS, with the team aiming to “unify payments and rewards experiences across gaming platforms.”

Adeniyi Abiodun, co-founder and CPO of Mysten Labs, argues that programmable stablecoins are the next evolution of digital assets. Game Dollar, says CPO, will expand utility for this sector. “We’re witnessing the start of a new era where gamers not only play, but participate in dynamic, self-sustaining economies.”

Moreover, Kirt McMaster, co-founder and CEO of Playtron, opined that stablecoins will become a financial backbone for the $500 billion global gaming economy. Per the CEO, Game Dollar will have a role to play here, given that it can handle massive transaction volume over the next decade.

“Game Dollar will unlock new economic models for developers and marketplaces while enabling consumer incentives only possible via programmable dollars,” McMaster says.

Finally, Bridge CEO Zach Abrams notes that financial access tends to be a barrier to gaming, despite it being a global community.

Abrams says that Bridge will power “seamless entry and exit points for Game Dollar” to make “digital economies more inclusive for players and radically simpler for developers. They get a stable, ready-to-use payments infrastructure that takes care of compliance and enables a global reach out of the box.”

The post Playtron Reveals M0-Powered ‘Game Dollar’ Stablecoin for Gaming Payments appeared first on Cryptonews.