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PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins.
According to Tuesday’s <a href="https://www.businesswire.com/news/home/20251118568241/en/Toku-and-PDAX-Partner-to-Enable-Stablecoin-Payroll-in-the-Philippines" rel="noopener noreferrer nofollow" target="_blank">press release</a>, the new integration connects Toku’s token-based payroll system with PDAX’s regulated cash-out rails, enabling companies to send stablecoin wages through their usual payroll flows and allowing workers to convert earnings to pesos without incurring wire fees or delays.
Toku routes payments directly to PDAX wallets or external addresses for real-time, onchain settlement. Workers can then cash out to nearly any Philippine bank or e-wallet, including GCash and GrabPay, while employers have the option to fund payroll in either PHP or stablecoins such as (<a href="/usdc-price-index" rel="noopener noreferrer">USDC</a>), (<a href="/global-dollar-price-index" rel="noopener noreferrer">USDG</a>) or (<a href="/ripple-usd-price-index" rel="noopener noreferrer">RLUSD</a>).<iframe width="100%" height="315" src="https://www.youtube.com/embed/NDKoqWEgFGw?start=3" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
Toku is a global payroll platform that lets businesses pay employees and contractors in tokens or stablecoins using their existing payroll systems. According to the company’s website, it is <a href="https://www.toku.com/about" rel="noopener noreferrer nofollow" target="_blank">used</a> in over 100 countries.&nbsp;
PDAX is a Philippine crypto exchange that provides trading, cash-out services and tokenized asset products for local users and businesses.
Related: <a href="https://cointelegraph.com/news/grab-straitsx-stablecoin-settlement-mou-web3-wallet-asia" rel="noopener noreferrer nofollow" target="_self">Grab deepens stablecoin push with StraitsX Web3 wallet and settlements</a>
<h2 id="philippines-bullish-on-crypto">Philippines bullish on crypto</h2>
The Philippines has become one of Asia’s more active crypto adopters, with government agencies and major banks launching blockchain pilots and stablecoin initiatives over the past two years.
In 2024, Tether partnered with Web3 platform Uquid to let people in the Philippines pay their <a href="https://cointelegraph.com/news/tether-usdt-social-security-payments-philippines" rel="noopener noreferrer nofollow">Social Security System contributions using USDt</a> on The Open Network. The SSS is the country’s state-run social security program, covering workers across both formal and informal sectors.
In January 2025, several Philippine banks began <a href="https://cointelegraph.com/news/filipino-banks-launch-phpx-stablecoin-hedera" rel="noopener noreferrer nofollow">collaborating on the PHPX stablecoin</a>, a Hedera-based project designed to facilitate real-time remittances using distributed ledger technology.
In July 2025, the Philippine government said it would<a href="https://cointelegraph.com/news/philippine-government-announces-documents-on-polygon-after-service-downtime" rel="noopener noreferrer nofollow"> begin notarizing official documents</a> on the Polygon blockchain. Paul Soliman, CEO of Bayanichain, the company behind the effort, said the system will be used to track government budget records.
In August, the country’s Congress considered a bill that would direct the central bank to build a <a href="https://cointelegraph.com/news/philippine-bill-strategic-bitcoin-reserve-10000-btc" rel="noopener noreferrer nofollow">10,000 Bitcoin strategic reserve</a>. The “Strategic Bitcoin Reserve Act” would require the Bangko Sentral ng Pilipinas (BSP) to purchase 10,000 Bitcoin and hold it in a trust for a minimum of 20 years.
Magazine: <a href="https://cointelegraph.com/magazine/2026-pragmatic-privacy-crypto-canton-zcash-ethereum-foundation/" rel="noopener noreferrer nofollow" target="_self">2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more</a>

New Toku–PDAX partnership lets Filipino workers receive pay in stablecoins

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Other articles published on Nov 18, 2025

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