Fintech Launches Fiat-Stablecoin Bridge

UQPAY, founded in 2016 by CEO and Zhejiang University computer science graduate Jack Li, has been building towards this launch with significant regulatory groundwork. The company holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS) and is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN). The platform's "dual-rail" architecture is accessible through a single API, designed to unify payment orchestration and liquidity management across more than 200 markets and 140+ currencies. This consolidates previously disparate systems for card acquiring, multi-currency accounts, and multi-chain stablecoin settlement into one backend. A core technical challenge for any stablecoin bridge is not just the speed of on-chain transactions, but the off-chain infrastructure required for fiat conversion and liquidity. Seamless integration with local banking systems and payment networks is the critical step for making digital assets usable for payroll, taxes, and paying local suppliers. This system aims to solve the integration problem for enterprises using stablecoins like USDC or USDT, which can face difficulties with existing ERP systems. The architecture must also mitigate logistical risks such as irreversible on-chain transfers and blockchain network congestion, which can slow or halt payments entirely. For security and compliance, UQPAY adheres to PCI DSS and EMVCo standards and holds memberships with Visa, Mastercard, and UnionPay. This is crucial for handling both traditional card payments and stablecoin transactions within a single, regulated framework. This infrastructure launch follows UQPAY's recent acquisition of a Capital Markets Services (CMS) license from Singapore's MAS in late 2024. At that time, CEO Jack Li also announced plans for a private equity fund to invest in the broader fintech ecosystem, signaling a strategy that extends beyond payment processing.