A First for Japanese Credit Cards: Convert Reward Points to Stablecoins Starting June 1, 2026
Key facts
- A First for Japanese Credit Cards: Convert Reward Points to Stablecoins Starting June 1, 2026
- Sumitomo Mitsui Trust Club will launch a service on June 1, 2026, allowing users to exchange credit card reward points for JPYC, a yen-based stablecoin. This is the first joint service of its kind in Japan using HashPort Wallet.
- Source: PR Times
- Date: May 26, 2026
Direct answer
Sumitomo Mitsui Trust Club will launch a service on June 1, 2026, allowing users to exchange credit card reward points for JPYC, a yen-based stablecoin. This is the first joint service of its kind in Japan using HashPort Wallet.
- Citation
- A First for Japanese Credit Cards: Convert Reward Points to Stablecoins Starting June 1, 2026 (May 26, 2026), PR Times
- Source
- PR Times
- Date
- May 26, 2026
Sumitomo Mitsui Trust Club will launch a service on June 1, 2026, allowing users to exchange credit card reward points for JPYC, a yen-based stablecoin. This is the first joint service of its kind in Japan using HashPort Wallet.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 20:00
- 🔍 Collected: May 26, 2026 at 11:31
- 🤖 AI Analyzed: May 26, 2026 at 12:00 (28 min after Collected)
Sumitomo Mitsui Trust Club is launching a new service that allows users to convert reward points earned from Diners Club and TRUST CLUB cards into JPYC, a yen-pegged stablecoin.
Starting June 1, 2026, customers can perform these exchanges using the 'HashPort Wallet,' a non-custodial wallet provided by HashPort, Inc.
This initiative, built in collaboration between the three companies, represents the first time in Japan that credit card points can be directly exchanged for a stablecoin.
As the world shifts towards Web3, the project aims to integrate credit cards, stablecoins, and non-custodial wallets to offer consumers new choices for economic activity.
The converted JPYC can be utilized for payments at physical stores and e-commerce sites, as well as for transaction and operation within Web3 services, and for instant, low-cost peer-to-peer transfers.
Note: As this service does not involve the settlement of point exchange amounts, it does not fall under the category of crypto-asset exchange or electronic payment instrument trading businesses.
To commemorate the launch, Sumitomo Mitsui Trust Club will hold a 'Point Back Campaign' from June 1 to November 30, 2026.
- Diners Club Cards: 500 points back per 2,500 points to 1,000 JPYC exchange.
- TRUST CLUB Cards: 500 points back per 4,000 points to 1,000 JPYC exchange.
Rewards are scheduled for distribution in mid-January 2027.
Starting June 1, 2026, customers can perform these exchanges using the 'HashPort Wallet,' a non-custodial wallet provided by HashPort, Inc.
This initiative, built in collaboration between the three companies, represents the first time in Japan that credit card points can be directly exchanged for a stablecoin.
As the world shifts towards Web3, the project aims to integrate credit cards, stablecoins, and non-custodial wallets to offer consumers new choices for economic activity.
The converted JPYC can be utilized for payments at physical stores and e-commerce sites, as well as for transaction and operation within Web3 services, and for instant, low-cost peer-to-peer transfers.
Note: As this service does not involve the settlement of point exchange amounts, it does not fall under the category of crypto-asset exchange or electronic payment instrument trading businesses.
To commemorate the launch, Sumitomo Mitsui Trust Club will hold a 'Point Back Campaign' from June 1 to November 30, 2026.
- Diners Club Cards: 500 points back per 2,500 points to 1,000 JPYC exchange.
- TRUST CLUB Cards: 500 points back per 4,000 points to 1,000 JPYC exchange.
Rewards are scheduled for distribution in mid-January 2027.
FAQ
What date will Sumitomo Mitsui Trust Club start converting credit card points to JPYC?
Sumitomo Mitsui Trust Club will start the service on June 1, 2026.
Which stablecoin will be used in Sumitomo Mitsui Trust Club's point conversion service?
The stablecoin used will be JPYC, a yen-based digital currency.
What wallet platform is involved in the Sumitomo Mitsui Trust Club's new service launch?
HashPort Wallet is the platform used for the new point conversion service.
Which company is launching Japan's first credit card point to stablecoin conversion on June 1, 2026?
Sumitomo Mitsui Trust Club is launching Japan's first such service.
What is the name of the credit card service launching JPYC point conversion in 2026?
The service is operated by Sumitomo Mitsui Trust Club.