{"id":73233,"date":"2026-05-29T03:35:04","date_gmt":"2026-05-29T03:35:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sumitomo-mitsui-trust-partners-with-hashport-to-turn-card-points-into-jpyc-stablecoins\/"},"modified":"2026-05-29T03:35:04","modified_gmt":"2026-05-29T03:35:04","slug":"sumitomo-mitsui-trust-partners-with-hashport-to-turn-card-points-into-jpyc-stablecoins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sumitomo-mitsui-trust-partners-with-hashport-to-turn-card-points-into-jpyc-stablecoins\/","title":{"rendered":"Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hashport and Sumitomo Mitsui Club partnered to let cardholders trade reward points for JPYC next Monday.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Yoshihiro Yoshida said points tap a 2.8T yen annual market, driving stablecoin adoption across Japan.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">On June 1, a 50% point cashback program will launch to boost JPYC usage and exchange.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Sumitomo Mitsui Trust Club and Hashport Launch Reward Point To <span>Stablecoin<\/span> Exchange Program<\/h2>\n<p>Sumitomo Mitsui Trust Club, a financial services company, and Hashport, a non-custodial <span>cryptocurrency<\/span> wallet, have joined forces to <a href=\"https:\/\/prtimes.jp\/main\/html\/rd\/p\/000000320.000054018.html\" target=\"_blank\" rel=\"noopener noreferrer\">launch<\/a> a trading service for credit card reward points and <span>stablecoins<\/span>.<\/p>\n<p>The service, labeled as the first of its kind, will allow cardholders of Diners Club and Trust Club cards to trade their accumulated points for JPYC <span>stablecoins<\/span>, which are <a href=\"https:\/\/news.bitcoin.com\/japanese-yen-stablecoin-jpyc-and-issuance-platform-jpyc-ex-launched\/\">pegged<\/a> to the value of the Japanese yen.<\/p>\n<p><\/p>\n<p>Hashport will serve as the platform to complete these exchanges, with every 2,500 reward points from Diners Club cards and every 4,000 points from the Trust card exchangeable for 1,000 JPYC when the service starts next Monday.<\/p>\n<p>In addition, to celebrate the launch, the service is establishing a cashback program from June 1 to November 30 that will return 500 points for every 1,000 points exchanged. The JPYC received can be managed in 4 different chains, including Ethereum, Avalanche, Polygon, and Kaia, and can be used freely to pay for products and services.<\/p>\n<p>Nobuaki Yamaguchi, President and Representative Director, Sumitomo Mitsui Trust Club, stated that they were delighted to combine <span>stablecoins<\/span>, which are attracting global attention as a safe and reliable next-generation payment method, with credit card points.<\/p>\n<p>He also explained that their reward points had no expiration date.<\/p>\n<p>HashPort\u2019s CEO Yoshihiro Yoshida remarked on the relevance of this kind of program as a catalyst to increase adoption of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> in Japan. <strong>\u201cPoints represent a massive fund pool with over 2.8 trillion yen newly issued annually, and have the potential to be a catalyst for the social implementation of <span>stablecoins<\/span>,\u201d<\/strong> he stressed.<\/p>\n<p>Finally, Noritaka Okabe, Representative Director at JPYC, stressed this move was<strong> \u201can important step in connecting existing payment services with <span>blockchain<\/span> technology,\u201d<\/strong> aiming for <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> use <strong>\u201cto expand from daily life to business settings.\u201d<\/strong><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/sumitomo-mitsui-trust-partners-with-hashport-to-turn-card-points-into-jpyc-stablecoins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Hashport and Sumitomo Mitsui Club partnered to let cardholders trade reward points for JPYC next Monday. Yoshihiro Yoshida said points tap a 2.8T yen annual market, driving stablecoin adoption across Japan. On June 1, a 50% point cashback program will launch to boost JPYC usage and [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":73234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73233"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73233"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73234"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}