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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.

As an analyst, I’m following the launch of a new service from JPYC, the issuer of a yen-backed stablecoin. They’re claiming a first in Japan: a way for credit card users to instantly turn their reward points into stablecoins. This could be a significant step in bringing crypto closer to mainstream spending.

Launching on June 1st, this new service was created through a partnership between Mitsui Sumitomo Trust Club and HashPort, a blockchain infrastructure company.

Driving Adoption Through a Novel Stablecoin Reward System

Mitsui Sumitomo Trust Club is pioneering a new program to unlock exclusive benefits for its premium cardholders.

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

Users who qualify can easily exchange their reward points for digital currency, specifically JPYC.

This new system offers a simple way to turn regular credit card rewards into usable digital money for shopping.

It also lets everyday users explore the world of cryptocurrency without risking any of their own money.

This approach makes it incredibly easy for everyday customers, even those who aren’t tech-savvy, to get started.

This service connects how people used to shop and spend with the emerging possibilities of blockchain technology.

Global investors are closely watching how the local market responds to this significant new product release.

Empowering Users via Non‑Custodial Stablecoin Wallets

This new digital asset solution puts security and user control first.

Users will only receive their converted tokens through HashPort’s highly secure wallet, which they fully control.

As an analyst, I can confirm that users maintain complete and independent control over their private crypto keys and the stablecoins they’ve obtained. This means they have full ownership and aren’t reliant on any third party to access or manage their funds.

This system offers a robust and safe foundation where you truly own your digital assets directly on the blockchain, eliminating the risks associated with using traditional exchanges.

People can now easily connect their online accounts to the growing world of decentralized finance.

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

Additionally, this wallet design fits well with the core ideas of Web3 and gives users full control of their assets.

Cardholders don’t just have a balance on the digital record—they actually own the assets that back the stablecoins.

Additionally, Polymarket is planning a market push into Japan.

Boosting Liquidity with a Regulated Yen‑Pegged Stablecoin

JPYC is a digital asset fully regulated under Japan’s comprehensive and highly respected national laws.

As a researcher, I’ve been studying the recent updates to the Payment Services Act, or PSA. It now includes specific rules for how this token can be issued and used.

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. 

As a researcher following the crypto space, I’ve observed that Japan traditionally took a cautious stance on regulating cryptocurrencies. However, things began to shift in 2023 with the introduction of specific laws for stablecoins. This new framework has allowed licensed stablecoin issuers, like JPYC, to operate with greater flexibility.

Letting people turn credit card rewards into a stablecoin could help more everyday consumers start using digital currencies.

Our partnership with Mitsui Sumitomo Trust Club, a leading financial company, shows growing confidence in the technology that supports stablecoins.

JPYC, a company that already offers tokens backed by the Japanese yen, is now expanding its services to include a wider range of consumer finance companies, not just those focused on cryptocurrency.

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2026-05-26 17:37