Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins
The post Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins appeared on BitcoinEthereumNews.com. 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 exchange. Sumitomo Mitsui Trust Club and Hashport Launch Reward Point To Stablecoin Exchange Program Sumitomo Mitsui Trust Club, a financial services company, and Hashport, a non-custodial cryptocurrency wallet, have joined forces to launch a trading service for credit card reward points and stablecoins. 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 stablecoins, which are pegged to the value of the Japanese yen. Hashport will serve as the platform to complete the