Boost

USDC

Trillion

<div class="watcher-guru">
 <p>Global stablecoin firm Circle announced a new partnership with leading Philippine crypto platform Coins.ph to drive the adoption of USDC for payments and remittances.</p>
 <p>The collaboration aims to leverage USDC’s speed and low cost to improve expensive traditional remittance channels for Filipinos. The Philippines receives over $36 billion in remittances annually.</p>
 <p>However, current options like wire transfers involve high fees of up to 5.7% and slow settlement times. The partnership will promote USDC as a faster, more accessible alternative.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p><strong>Also read:&nbsp;Shiba Inu Records Staggering 4.48 Trillion SHIB in Transaction Volume</strong></p>
 <blockquote class="wp-block-quote"></blockquote>
 <h2 class="wp-block-heading" id="h-the-new-partnership-will-boost-usdc-remittances">The new partnership will boost USDC remittances</h2>
 <p>Educational initiatives will help Filipinos abroad learn to use USDC for smoother cross-border transfers. Circle and Coins.ph plan to highlight USDC’s utility for the unbanked, which account for 44% of Philippine adults.</p>
 <p>With nearly 18 million users, <a rel="noopener noreferrer nofollow" title="Coins.ph" href="https://thebittimes.com/tag/coins-ph.html">Coins.ph</a> can significantly expand access and visibility for <a rel="noopener noreferrer nofollow" title="USDC" href="https://thebittimes.com/tag/usdc.html">USDC</a> in the Philippine remittance corridors. Stablecoins like <a rel="noopener noreferrer nofollow" title="USDC" href="https://thebittimes.com/tag/usdc.html">USDC</a> offer a compelling payment rail for global money movement. Collaborations with local exchanges create an on-ramp for converting to fiat currency.</p>
 <p>As <a rel="noopener noreferrer nofollow" title="Circle" href="https://thebittimes.com/tag/circle.html">Circle</a> grows <a rel="noopener noreferrer nofollow" title="USDC" href="https://thebittimes.com/tag/usdc.html">USDC</a>’s presence worldwide, teaming with influential regional platforms like <a rel="noopener noreferrer nofollow" title="Coins.ph" href="https://thebittimes.com/tag/coins-ph.html">Coins.ph</a> unlocks new real-world use cases beyond just trading. The partnership exemplifies the stablecoin’s expanding role in mainstream fintech.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>Circle</li>
  <li>Coins.ph</li>
  <li>USDC</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-partners-with-philippines-exchange-to-boost-usdc-remittances-tbt66043.html">https://thebittimes.com/circle-partners-with-philippines-exchange-to-boost-usdc-remittances-tbt66043.html</a></p>

Circle Partners With Philippines Exchange to Boost USDC Remittances

Table of Contents

TheBitTimes

Other articles published on Oct 11, 2023

Crypto Whales are Accumulating This Lesser Known Crypto – Here's Why

Caroline Ellison, a former CEO of Alameda, will testify in the Sam Bankman-fried trial.

Render defies bearish market sentiment, becomes top gainer

Binance CEO and Local Executives Face Fraud Charges in Brazil

BRICS: US Dollar Outperforms 20 Currencies in a Month

Cardano Web3 Wallet Lace Unveils Exciting 1.6 Upgrade With Enhanced Multi-Staking Control

Join our free newsletter for daily crypto updates!