According to CoinMeta, Wu said that since July 30th, moact under Kansai Electric Power in Japan has supported users in exchanging norm and points for the Japanese yen stablecoin jpyc. These coins can then be held, transferred, or used for DeFi through hashport and wallet on polygon. jpyc is pegged to the yen at a 1:1 ratio and has been incorporated into the framework of electronic payment tools under Japan's "Funds Settlement Law."