Users of MOACT, the rewards app run by a wholly owned subsidiary of Japanese utility Kansai Electric Power, can now convert their loyalty points into JPYC, the yen stablecoin, on Polygon, wallet developer HashPort said in a press release published Thursday.

Users of MOACT, the rewards app run by a wholly owned subsidiary of Japanese utility Kansai Electric Power, can now convert their loyalty points into JPYC, the yen stablecoin, on…

Kansai Electric's MOACT app now converts loyalty points into JPYC stablecoin on Polygon, as cumulative transfers surge past $265 million.