Japan Launches First Credit Card Points-to-Stablecoin Service

• JPYC launches Japan’s first credit card points‑to‑stablecoin swap starting June 1, 2026.
• The service initially supports Diners Club and TRUST CLUB credit card holders.
• The swap links traditional loyalty rewards with Japan’s regulated crypto ecosystem.

JPYC, a yen-backed stablecoin issuer, has announced the debut of what it characterises as Japan’s first service that allows credit card holders to convert reward points directly into stablecoins.

The service, developed in collaboration with Mitsui Sumitomo Trust Club and blockchain infrastructure provider HashPort, is set to launch on June 1.

Driving Adoption Through a Novel Stablecoin Reward System

Mitsui Sumitomo Trust Club is leading the way in this endeavour to tap previously unused rewards for its elite cardholders.

Initially, the service supports only holders of Diners Club and TRUST CLUB credit cards.

Eligible users can efficiently trade their accumulated lifestyle reward points for liquid digital assets denominated in JPYC.

The innovative mechanism is a good solution for converting standard credit card points into a functional retail digital asset.

Moreover, it enables standard customers to learn about the crypto space without investing any real money.

Therefore, the strategy provides an exceptionally low-barrier onboarding channel designed specifically for non-technical retail users.

The service links old patterns of consumer behavior with the new and growing utility of the blockchain economy.

Meanwhile, there is keen interest in the domestic market’s reaction to this major commercial launch by global institutional players.

Empowering Users via Non‑Custodial Stablecoin Wallets

Security and self-sovereignty are the highest priorities for this newly deployed institutional digital asset solution.

Users receive their converted tokens only through HashPort’s secure, enterprise-grade, non-custodial wallet framework.

Thus, individuals retain full independent control of their cryptographic private keys and their newly acquired stablecoin funds.

This is a strong and secure infrastructure with true and unmediated ownership of on-chain assets in order to remove counterparty risk from centralized exchanges.

Users can also instantly use their digital accounts in the burgeoning decentralized finance ecosystem.

The switch from reward points to crypto has never been so quick, secure and simple.

Moreover, this non-custodial wallet architecture aligns perfectly with fundamental global Web3 principles and user sovereignty.

Cardholders not only receive a balance on the digital ledger—they have full ownership of the underlying stablecoins’ assets.

Additionally, Polymarket is planning a market push into Japan.

Boosting Liquidity with a Regulated Yen‑Pegged Stablecoin

The underlying digital asset, JPYC, operates fully under Japan’s strict, world-leading national regulatory framework.

The Payment Services Act (PSA), which was recently updated, regulates in detail the issuance and circulation of this token.

This strong legislation guarantees compliance and security of the domestic digital asset market.

Every circulating token maintains a strict 1:1 peg to the Japanese yen.

Japan has long maintained a conservative approach to cryptocurrency regulation, but the 2023 implementation of stablecoin-specific laws has enabled licensed issuers such as JPYC to operate more freely.

By allowing credit card points to be converted into a regulated stablecoin, the service may accelerate the widespread adoption of digital currencies among ordinary consumers.

The collaboration with Mitsui Sumitomo Trust Club, a prominent financial institution, demonstrates rising institutional support for stablecoin infrastructure.

JPYC, which already issues yen-backed tokens, now extends its utility beyond crypto-native consumers to the larger consumer finance industry.