Fintech UQPAY Launches Fiat-Stablecoin Bridge
Singapore-based fintech UQPAY has launched a full-stack payment infrastructure designed to bridge traditional fiat currencies and stablecoins. The platform unifies global acquiring, accounts, card issuing, and stablecoin services into a single system for global commerce.
The "dual-rail" architecture of UQPAY's platform is designed to address the growing complexity of international trade by integrating traditional payment systems with blockchain-based stablecoin infrastructures. This allows businesses to manage and move funds across both fiat and stablecoin payment rails through a single API integration, targeting the inefficiencies of fragmented payment providers and diverse regulatory landscapes. The platform supports over 200 markets and 140 currencies. UQPAY was founded in 2016 by CEO Jack Li. The company's services are aimed at high-growth international sectors such as e-commerce, SaaS, gaming, and online education. For these businesses, the platform aims to reduce cross-border friction and speed up settlement times by unifying global acquiring, multi-currency accounts, and card issuing with stablecoin capabilities. While the global platform supports multi-chain stablecoin transactions, UQPAY's Australian division specifically names support for major stablecoins like USDC, USDT, and XUSD. This earlier Australian launch also featured compatibility with the Universal Commerce Protocol (UCP) and the AI-native x402 payment standard, indicating a focus on emerging machine-to-machine and AI-driven transaction models. Strategically, UQPAY has also ventured into investment, making a $10 million strategic investment in StraitsX, a Singapore-based digital asset infrastructure firm, in October 2025. This move was aimed at expanding stablecoin-based payment connectivity across Asia, further bridging the gap between Web3 innovation and institutional finance. UQPAY enters a competitive landscape that includes established payment giants and specialized crypto payment gateways. Companies like Stripe and PayPal have begun integrating stablecoin payment options, leveraging their vast existing networks. Meanwhile, crypto-native firms such as Circle (the issuer of USDC), BitPay, and Coinbase Commerce offer deep expertise in blockchain-based transactions.
