Unipay

Unipay is a decentralized Payment Finance (PayFi) protocol centered around its yield-bearing stablecoin, USDu, which operates on the Solana blockchain. The company, founded in 2024 and headquartered in the United Kingdom, aims to connect blockchain-based finance with real-world applications. The parent company is Unitas, which is operated by Unipay Pte. Ltd. Unipay's founding team, including MADAO and Chloe L., has roots in the Taiwanese blockchain finance institution XREX Inc.

The core of Unipay's offering is the Unitas protocol, which features the USDu stablecoin and a staked version, sUSDu. USDu is a stablecoin soft-pegged to the US dollar, designed to generate yield through a delta-neutral arbitrage engine. This strategy primarily leverages the Jupiter Perps platform on Solana, capturing fee revenue to provide a sustainable yield to sUSDu holders. Users can mint USDu by depositing approved collateral and can then stake their USDu to receive sUSDu, which auto-compounds the yield generated by the protocol. The platform is built to be multi-chain, with initial deployment on Solana and plans to expand to Ethereum and BNB Chain.

The business model revolves around generating revenue from protocol activities. This includes fees from minting and redeeming USDu, performance fees on the yield generated for sUSDu holders, and withdrawal penalties. A portion of the revenue is distributed to sUSDu holders, with the remainder allocated to an insurance fund and the company's treasury. The roadmap includes the development of the Unipay Card to allow spending of USDu, and the introduction of permissionless collateral adapters. In March 2026, Unitas Labs, the developer of the protocol, announced the completion of a $13.33 million seed funding round with participation from investors such as Amber Group and SevenX Ventures to fuel its expansion.

Keywords: decentralized payments, PayFi, yield-bearing stablecoin, USDu, sUSDu, Solana, on-chain credit, delta-neutral strategy, crypto finance, blockchain payments, digital assets, stablecoin protocol, decentralized finance, multi-chain, crypto yield, Jupiter Perps, Unitas protocol, MADAO, Chloe L., XREX Inc.