Stablecoins are moving beyond digital asset trading and into business payments.
Joint research by McKinsey & Company and Artemis Analytics estimated annualized stablecoin payment volume at approximately USD 390 billion based on December 2025 activity. B2B payments accounted for USD 226 billion, up 733% year on year. Payments originating in Asia represented about 60% of global volume, led by Singapore, Hong Kong SAR, and Japan.[1]
For cross-border businesses, digital platforms, and global merchants, the appeal is straightforward. Stablecoins can move across borders at any time, while customers can pay using assets such as USDC or USDT.
But faster payment does not always mean easier access to funds.
The Challenge Starts After Payment Once a stablecoin payment arrives, the business still needs to screen the transaction, record the source of funds, convert the balance when necessary, and use it for operating expenses or onward payments.
Without a reliable conversion route, the bottleneck simply moves from payment to conversion. When stablecoins are held in separate wallets, finance teams must also reconcile those balances against fiat accounts, maintain transaction records, and apply approval and compliance processes across disconnected systems.
This makes permissions harder to manage and month-end reporting more manual. The real challenge is not receiving stablecoins. It is bringing them into the company's regular finance and treasury operations.
One Account for the Full Flow UQPay brings fiat and stablecoins into one business account framework. Businesses can receive, hold, convert, and pay supported currencies from the same platform, with shared balances, transaction records, permissions, and approvals.
Receive stablecoins without forced conversion. Supported stablecoins are received directly into the UQPay account and remain in their original form until the business chooses to convert them. Inbound payments are subject to compliance screening and applicable Travel Rule requirements.
Manage fiat and stablecoins together. Both types of balances are visible on the same platform. Accounts can be organised by entity, business line, counterparty, or purpose, helping finance teams separate funds and track how they move.
Convert funds when needed. Supported stablecoins can be converted into fiat currencies 24/7. Converted funds are credited to the multi-currency account for supplier payments, international settlement, or treasury management. UQPAY FX OptiRoute aggregates available liquidity and optimises execution to support competitive conversion rates.
Make payments under company controls. Businesses can convert stablecoins and pay through local clearing networks or SWIFT, use supported stablecoin settlement routes to deliver fiat to recipients, or send stablecoins to approved wallet addresses. Role-based permissions, approved addresses, and multi-level approvals govern each payment.
The result is a connected flow from receipt to payment. Stablecoins become part of the company's available working capital instead of remaining in a separate wallet process.
How It Works in Practice Consider a business receiving USDC from an overseas customer.
The customer sends USDC to the company's UQPay stablecoin account. Once the payment has passed the required screening, the finance team can view it alongside the company's fiat balances.
Part of the USDC is converted into fiat and credited to the multi-currency account for a supplier payment. The remaining balance can be held or sent to an approved wallet address following the company's internal approval process.
Each step is recorded within the same account framework. Finance teams no longer need to move between separate wallets, spreadsheets, and account systems to understand where funds came from or how they were used.
Controls Built for Business Use Compliance controls. KYT, AML and sanctions screening, with Travel Rule requirements applied where relevant.Secure access. Role-based permissions and MPC custody reduce reliance on a single key holder.Additional capabilities. Subject to review and configuration, accept supported stablecoins and settle in fiat. Eligible customers may also use XUSD for corporate card settlement.Availability. Depends on customer eligibility, supported channels, product terms and local regulations.With UQPay, teams can manage fiat and stablecoins in one place, view balances, convert funds and approve payments without adding a separate finance workflow.
[1] Source: McKinsey & Company and Artemis Analytics, "Stablecoins in payments: What the raw transaction numbers miss," February 18, 2026.
This article is provided for general information only and does not constitute legal, tax, accounting, regulatory, or investment advice. Stablecoin services are subject to customer review, product conditions, supported markets, and applicable regulatory requirements.
