Kasosyo ang Circle at Coins.ph para sa mga remittances ng USDC sa Pilipinas
Tech Kasosyo ang Circle at Coins.ph para sa mga remittances ng USDC sa Pilipinas 19 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Coins.ph and Circle say the partnership aims at improving the remittance landscape in the Philippines. The companies target cheap and near-instant remittances enabled by the USDC stablecoin. Philippine fintech company Coins.ph and Circle, the issuer of the USDC stablecoin, have announced a strategic partnership targeted at promoting USDC-denominated remittances in the Philippines. The companies want to drive further adoption of crypto remittances via the stablecoin for the more than 18 million Filipinos that use Coins.ph, per details in a press release published on Wednesday. The Philippines is the worlds fourth largest destination for remittances. Circle co-founder and CEO Jeremy Allaire commented on the “broad commercial partnership” via a post on X, stating: Today through a broad commercial partnership with @coinsph, @bilog ay magdadala $ USDC distribution and remittances to their 18 Million Filipino users. Digital dollars and low-cost, instant dollar remittance continues to be unlocked in emerging markets. Low-cost, near-instant USDC-denominated remittances Coins.ph, a crypto exchange and wallet provider, says the partnership will bring not just secure, but low-cost and near-instant cross-border remittances to the people. USDC is a fiat-backed stablecoin redeemable thats 1:1 for US dollars. According