Polygon now enables users of Kansai Electric’s MOACT app to convert their NORM loyalty points into JPYC, Japan’s first regulated yen-pegged stablecoin. The feature, live since July 30, relies on HashPort Wallet integration on the Polygon network. Polygon handles more JPYC transfer volume than all other supported chains combined, with cumulative transfers surpassing 265 million dollars, up from 100 million in April 2026. Approximately 84% of all JPYC holders use the HashPort Wallet, making it the near-exclusive gateway to the stablecoin in Japan. This integration highlights Japan’s distinct regulatory approach under the Payment Services Act, which has encouraged traditional companies to comfortably adopt stablecoin infrastructure.
Source: Read the original article
