Playtron plans to launch gaming stablecoin Game Dollar on Sui

Playtron announces plans to launch ‘the first stablecoin built for games’ called Game Dollar. The token will be built on Sui Network and powered by M0 and Bridge.

According to an announcement by stablecoin platform M0, Game Dollar will be a stablecoin designed for facilitating commerce and rewards across the company’s main gaming operating system, GameOS, as well as other gaming ecosystems.

The Game Dollar will initially be launched exclusively on the Sui Network (SUI), and will be available on the handheld gaming console SuiPlay0X1. The token will leverage Bridge’s stablecoin payment APIs to support game marketplaces, publishers, and gamers. In addition, it will also be powered by M0’s universal platform.

“Game Dollar. The stablecoin for games. Built ground up for the modern gaming ecosystem,” wrote the company in its official banner.

Once it is launched, players will be able to use the stablecoin to make purchases, pay subscriptions, and earn rewards across Playtron and other gaming ecosystems.

According to the announcement, the purpose of Game Dollar is to create a “neutral financial layer for seamless, consistent payments and reward experiences across gaming platforms.”

Co-Founder and CEO of M0, Luca Prosperi, said the collaboration aims to expand on the power of “programmable money” that can facilitate real-world usage. He hopes that the creation of the Game Dollar will pave the way for future gaming payments and rewards system.

“We’re excited to see Playtron harness M0’s universal stablecoin platform to reimagine the gaming payments experience in a unique way,” said Prosperi.

Playtron’s GameOS aims to unite mobile, PC, and console games into a single experience. The gaming operation system lets its users link various gaming provider accounts into one library. The integration supports games from Steam, Epic Games, GOG, and other platforms.

The operating system also supports a wide range of gaming consoles including Valve Steam Deck, ASUS, AYANEO, Lenovo, GPD Win, as well as the Desktop PC in the near future.