Circle Partners with Philippines Exchange Coins.ph to Boost USDC Remittances

USDC stablecoin issuer Circle has partnered with Coins.ph, a major crypto exchange in the Philippines, to help Filipinos pay less for cross-border transfers and make remittance processes significantly faster and more efficient. Global stablecoin firm Circle announced a new partnership with leading Philippine crypto platform Coins.ph to drive the adoption of USDC for payments, aiming to revolutionize how Filipinos receive money from abroad.

This collaboration addresses a critical need in the Philippines, the fourth largest recipient of remittances globally. By driving real-time settlements and minimal transaction costs, Coins.ph and Circle’s partnership aims to improve the existing remittance landscape, starting in the Philippines. The partnership leverages the power of USDC, a fully-reserved and transparent stablecoin, to bypass traditional banking systems that often incur hefty fees and processing delays.

With Circle and Coins.ph working together, Filipinos can now experience faster, cheaper, and more reliable remittances. The integration of USDC allows for near-instant transfers, reducing the reliance on intermediaries and empowering individuals to receive funds quickly and securely. This marks a significant step forward in making financial services more accessible and affordable for millions of Filipinos reliant on international remittances.

Stay updated on the latest developments in the Circle and Coins.ph partnership and learn how USDC is transforming the remittance landscape in the Philippines.