Kansai Electric Power's MOACT Integrates Loyalty Points with Regulated Stablecoin on Polygon

Kansai Electric Power's subsidiary MOACT has partnered with HashPort to enable users to convert their loyalty points into JPYC, a regulated yen-pegged stablecoin, on Polygon. This integration allows users to swap earned NORM Points for JPYC and hold, send, or deploy the stablecoin through the HashPort Wallet.

The feature went live on July 30, marking another step in the pipeline from real-world activity to on-chain assets. MOACT's rewards app lets users earn NORM Points by completing social 'missions.'

JPYC holds a notable distinction as Japan's first regulated yen stablecoin, launched in 2025 under the country's Payment Services Act. It maintains a strict 1:1 peg to the Japanese yen with full backing and redeemability.

Polygon has emerged as the dominant chain for JPYC activity, handling more transfer volume than all other supported chains combined. Cumulative transfers have surged past $265 million, up sharply from $100 million recorded just in April 2026.