Platform Overview and Initial Rollout
CLPS Incorporation, through its subsidiary Qinson Credit Card Services Limited, launched a Web3 issuance platform on October 24 in Hong Kong, integrating USDC and USDT payments.
The platform bridges traditional payment systems with stablecoin ecosystems, enhancing payment flexibility and transaction efficiency as Hong Kong users gain stablecoin credit card capabilities.
Strategic Integration and Benefits
CLPS Incorporation has officially commenced its Web3-ready issuance platform through Qinson Credit Card Services Limited, announced on October 24, 2025. This move integrates USDC and USDT payments within its CAKU credit card system.
The integration, spearheaded by CLPS Incorporation's subsidiary QCC, aims to bridge traditional and stablecoin payment networks. It allows end-users and institutions to use stablecoins for credit card activities, initially focusing on Hong Kong.
Stakeholders, including issuing banks and consumers, will experience enhanced payment flexibility and reduced transaction costs. The platform plans a gradual geographical expansion beyond Hong Kong, presenting businesses with new payment possibilities.
Financial implications are centered on the growing adoption of stablecoins, focusing on quick transaction speeds and lower operational costs. There are broader implications for the financial services industry as they adopt new payment systems.
Functionality and Market Alignment
CLPS Incorporation noted, "The new functionality is expected to be rolled out first to potential clients in Hong Kong SAR and eventually to key international markets. The upgrade leverages CAKU’s advanced scenario-driven NextGen platform to enable corporate and individual users to pay credit card bills, settle point of sale transactions, and manage credit limit with stablecoins, including U.S. Dollar Coin (USDC), Tether (USDT), and other fiat-pegged digital assets." The stablecoin-centric platform aligns with emerging fintech trends observed in global markets.
Technological outcomes include anticipated improvements in processing speed and functionality within existing infrastructure. Such integrations echo previous fintech approaches, such as Visa and Mastercard's stablecoin testing, potentially foreshadowing expanded adoption.