UQPAY has integrated with the Circle Payments Network (CPN), enabling cross-border settlements using regulated stablecoins such as USDC and EURC and expanding its global payment infrastructure.
Integration strengthens cross-border settlement
The connection to CPN, operated by Circle Technology Services, links UQPAY with financial institutions worldwide to improve how payments are routed and settled across both domestic and international networks. The move is expected to enhance interoperability between sending and receiving institutions while increasing efficiency in transaction routing.
The integration also introduces greater flexibility for handling multi-currency transactions, allowing smoother coordination of payments across different regions.
Expansion of global account capabilities
The update builds on UQPAY’s Global Account system, which already supports fund collection, cross-border payouts, and real-time foreign exchange management within a single structure. Together, these functions form a unified payment framework designed to operate across multiple markets.
Li said the integration strengthens UQPAY’s existing infrastructure by improving connectivity and optimizing transaction routing. Circle’s Ganchi added that bringing UQPAY into the network enables more seamless coordination of global fund flows.
Stablecoins address payment inefficiencies
The use of USDC and EURC reflects a growing shift toward regulated, asset-backed digital currencies in cross-border payments. These stablecoins provide more predictability compared to volatile cryptocurrencies, particularly for businesses prioritizing compliance.
The integration aims to reduce reliance on traditional correspondent banking systems, which often introduce delays and higher costs. Settlement times that once took several days could be significantly shortened through blockchain-based infrastructure.
Rising adoption of stablecoin payments
Stablecoin usage in business payments is expanding rapidly. Data indicates B2B stablecoin payments grew 733% year-over-year in 2025, with annual volumes reaching about $226 billion, according to a February 2026 McKinsey analysis.
For traders, this shift introduces a new dimension of demand driven by real-world usage rather than speculative activity. Changes in on-chain transaction patterns for USDC and EURC may increasingly reflect large corporate settlements rather than high-frequency trading.
Cost efficiency and transaction growth
Lower transaction costs remain a key driver. Blockchain-based payments can reduce fees from roughly 2–7% in traditional banking systems to around 0.1–0.5%, creating strong incentives for companies managing high volumes of international payments.
This efficiency has contributed to record stablecoin activity, with total transaction volume reaching $4.5 trillion in the first quarter of 2026.
Euro stablecoins gain momentum
The inclusion of EURC signals growing demand for non-dollar settlement options. Regulatory clarity under Europe’s MiCA framework has accelerated adoption, with euro-denominated stablecoin volumes increasing twelve-fold in the 15 months leading to March 2026.
Bridging traditional finance and blockchain
The integration highlights a broader shift as licensed financial institutions incorporate blockchain technology into existing payment systems. By combining traditional financial infrastructure with digital asset settlement, firms like UQPAY are working toward faster, more scalable global payment solutions.
Founded in 2016 and headquartered in Singapore, UQPAY operates across Asia, Oceania, Europe, and North America, partnering with major card networks including Visa, Mastercard, and UnionPay International. The company continues to expand its platform as adoption of AI and Web3 technologies grows, focusing on real-time, globally accessible payment systems.
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