Sumitomo Mitsui Trust is letting users convert loyalty points into JPYC stablecoins starting June 1. Why this matters: • Japan is connecting traditional finance directly with onchain payments • The country issues roughly ¥2.8T in loyalty points annually • Even a small shift toward stablecoins could massively expand Japan's onchain liquidity POV: This is one of the clearest real-world stablecoin adoption cases so far. Instead of onboarding users through crypto speculation, Japan is quietly integrating stablecoins into everyday consumer finance. That may ultimately be the path that drives mainstream adoption faster than trading ever could.