According to Wu Blockchain, Japan's Kansai Electric Power subsidiary MOACT has allowed users to convert NORM Points into the yen-pegged stablecoin JPYC starting from July 30. Users can hold, transfer, or use it for DeFi on Polygon via the HashPort Wallet. JPYC is pegged 1:1 to the Japanese yen and has been incorporated into the electronic payment instrument framework under Japan's Payment Services Act.