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Sumitomo Mitsui Trust and Hashport let cardholders convert points to JPYC stablecoins starting June 1

Protocol Fundamentals
28 May 2026
Bitcoin
View Source
Bullish
pluang ai news

Sumitomo Mitsui Trust Club and Hashport have launched Japan's first service allowing credit cardholders to exchange reward points for JPYC stablecoins, pegged to the yen. Starting June 1, Diners Club and Trust Club cardholders can trade points for JPYC, with a 50% cashback on points exchanged until November 30 to encourage usage. The initiative taps into a ¥2.8 trillion annual market for reward points, aiming to boost stablecoin adoption and integrate blockchain technology into everyday payments. JPYC stablecoins can be used across multiple blockchain networks and for various purchases, marking a significant step in Japan's digital currency ecosystem.

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