UQPAY Launches Fiat-to-Stablecoin Payment Stack
Fintech firm UQPAY has launched a new full-stack payment infrastructure designed to bridge traditional fiat currencies and stablecoins. The platform offers a unified system for acquiring, accounts, and card issuing. It aims to simplify global commerce for developers working in embedded finance and digital payments.
The new payment stack from Singapore-based UQPAY is built on a dual-rail architecture, designed to merge traditional payment networks with blockchain infrastructure. This allows businesses to manage both fiat and stablecoin transactions within a single operational framework, supporting multi-chain stablecoin settlements. The platform is designed to address the complexities of fragmented payment providers and varying regulations across different markets. UQPAY's infrastructure supports over 140 currencies in more than 200 markets. The company is a principal member of both Visa and Mastercard, integrating it directly into global card networks. Additionally, a partnership with Google Pay allows users to add UQPAY-issued Visa corporate cards to their Google Wallets for use in over 180 countries. The platform targets high-growth sectors such as cross-border e-commerce, SaaS, gaming, and Web3-native companies. For these businesses, the system aims to reduce the friction of cross-border payments, which can involve 2-5 day settlement times and significant sums of money being in transit. By contrast, stablecoin settlements can be near-instant. The move comes as business-to-business stablecoin payments show significant growth. One report noted that monthly B2B stablecoin payment volumes surged from under $100 million in early 2023 to over $3 billion by 2025, a 30-fold increase. Another report quantified the B2B stablecoin payment market at $226 billion in 2025, with Asia accounting for 60% of the volume. Founded in 2015 by CEO Jack Li, UQPAY has been expanding its footprint in the digital payments ecosystem. In late 2025, UQPAY made a $10 million strategic investment in StraitsX, a Singaporean stablecoin settlement firm, to enhance the bridge between stablecoin and fiat payment rails. UQPAY itself is an unfunded company and has not raised any institutional funding rounds. In a separate but related development, UQPAY Australia launched a commercial-grade stablecoin platform in February 2026. This platform is specifically designed to support AI-initiated autonomous transactions and integrates the x402 payment protocol, a standard for AI-native payments. This positions the company to handle future use cases like high-frequency micropayments for AI services.
