KDDI to Offer Service Converting Ponta Points to Stablecoins

Major telecommunications provider KDDI plans to allow the conversion of its common loyalty points, 'Ponta', into stablecoins for use in payments and transfers by 2025, as reported by Nikkei on the 10th. In addition to enabling these stablecoins to be charged to KDDI's payment service 'au PAY' balances, the plan includes making them usable in blockchain-based financial services. Coinciding with the launch of this stablecoin service, KDDI will subscribe to a third-party allotment increase in capital by domestic Web3 company HashPort, investing approximately 20% and making it an equity-method affiliate.