CLPS Incorporation has announced a major step forward in digital payments innovation through its wholly-owned Hong Kong subsidiary, Qinson Credit Card Services Limited (QCC). The company has successfully integrated stablecoin payment and settlement functions into its core credit card system, CAKU, marking a key milestone in bridging traditional financial networks with the rapidly growing digital currency ecosystem.
A stablecoin is a form of digital currency designed to maintain price stability by being pegged to a real-world asset such as the U.S. dollar. Through this integration, CLPS aims to provide issuing banks, merchants, and consumers with faster, more flexible, and cost-efficient payment solutions. The rollout will begin in Hong Kong SAR, with plans to expand into key international markets in the near future.
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This upgrade takes advantage of CAKU’s advanced, scenario-driven NextGen platform to allow users—both corporate and individual—to pay credit card bills, settle point-of-sale transactions, and manage their credit limits using stablecoins like U.S. Dollar Coin (USDC) and Tether (USDT). In doing so, users can seamlessly apply digital assets to everyday financial activities while continuing to enjoy the rewards and convenience of traditional credit cards.
The new stablecoin integration supports a wide range of advanced capabilities. It enables intelligent minting of stablecoins backed 1:1 by fiat reserves, ensuring price stability, while also providing smooth conversion gateways for quick fiat-to-stablecoin exchanges. Additionally, users can easily redeem stablecoins back into fiat through an automated “burning” mechanism, which helps maintain the balance between supply and demand in the market. The system also ensures that all reserve adjustments are verified with strict compliance measures to maintain transparency and accuracy.
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For cardholders, this means a smoother, faster, and more secure payment experience. They can choose to make payments or settle transactions using stablecoins directly through their bank’s app or online portal, enjoying near-instant settlement times—especially for cross-border or large-value transactions—while also benefiting from reduced transaction costs.
Beyond convenience and efficiency, this innovation is also designed with a focus on financial inclusion and regulatory compliance. By leveraging blockchain technology, the CAKU system offers faster settlement and lower costs while adhering to global regulatory standards. Robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols ensure all transactions remain secure and compliant, building confidence among financial institutions and end users alike.
The integration of stablecoin functionality opens new opportunities across multiple sectors. Issuing banks can now offer “stablecoin credit cards” to attract digital-native customers, while global e-commerce merchants and SaaS providers can lower their payment processing fees and streamline international transactions. Corporate clients and high-net-worth individuals also stand to gain, as they can automatically settle expenses using digital assets—bridging their crypto portfolios with traditional spending channels.
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Commenting on the announcement, Raymond Lin, Chief Executive Officer of CLPS, said, “We are at a historic convergence of conventional finance and digital assets. Integrating stablecoin functionality into our CAKU system represents not only a significant technological advancement but also a bold step toward the future of payments. Our mission is to empower our partners with the tools they need to meet evolving financial demands, fostering a more open, efficient, and interconnected global payment ecosystem.”
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