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Locally licensed cryptocurrency platform Coins.ph revealed that it is expanding its stablecoin remittance infrastructure as global remittance flows continue to grow and stablecoins gain wider adoption for cross-border payments.
Stablecoins Gain Traction
According to Coins.ph, stablecoins are increasingly reshaping cross-border payments. The combined market capitalization of the two largest stablecoins, USDT and USDC, surpassed $260 billion in 2025, doubling since 2023, as they become a preferred tool for faster, lower-cost remittances. They added that analysts project the market could reach $2 trillion by 2028, driven by payments and institutional adoption following clearer regulations.
The firm pointed out that global remittances topped $900 billion in 2024, with major flows to India, Mexico, China, and the Philippines, providing crucial foreign exchange and supporting millions of families with essentials like food, healthcare, and education. Traditional banking channels, however, remain slow and costly, reducing the value of these transfers.
Conversely, Coins.ph said it is expanding its stablecoin infrastructure to facilitate quicker, more cost-efficient transfers for overseas Filipinos.
The company said it partnered with BCRemit, HashKey, Hi-Globe, and FinFan to create near-instant, compliant payment corridors between the Philippines and major sending markets including Hong Kong, Vietnam, the U.S., U.K., Canada, and the European Union.
Wei Zhou, Coins.ph CEO, said stablecoins address the key challenges of traditional remittances.
“We are aggressively supporting stablecoin remittances because they solve the fundamental problems of cost and time that plague millions of migrant workers. Stablecoins offer a pathway to near-instant, compliant transfers at a fraction of the current cost, ensuring more of that hard-earned funds reaches home. This isn’t just an improvement—it’s the potential for a massive, equitable shift that truly empowers the Filipino diaspora.”
Wei Zhou, CEO, Coins.ph
Key Benefits of Stablecoin Remittances
Stablecoins are transforming cross-border payments, offering faster and more affordable options for migrant workers and their families, according to Coins.ph.
“Stablecoins are leading the digital transformation of cross-border payments. By adopting stablecoin rails for remittances, we are enabling near real-time, low-cost transfers that offer overseas Filipinos and their families greater value, transparency, and financial freedom.”
Wei Zhou, CEO, Coins.ph
The company highlighted five key ways stablecoins are changing remittances, particularly for emerging markets.
The firm stated that by bypassing multiple intermediaries, stablecoin transfers can fall to under 1%, ensuring more of the $38.34 billion sent by Overseas Filipino Workers reaches families and supports local economies.
- Near-Instant Transfers, 24/7
Unlike traditional banking, which can take 3–5 business days, Coins.ph emphasized stablecoin transactions settle within minutes and are available 24/7/365, regardless of time zones or banking holidays.
- Financial Inclusion for the Unbanked
Stablecoins require only a mobile device and digital wallet, allowing users without bank accounts to send and receive funds directly. The firm stressed that this expands access to financial services in rural or underserved regions.
- Reduced Foreign Exchange Risk
Coins.ph emphasized that most stablecoins are pegged to fiat currencies such as the USD, which protects remittances from currency volatility and hidden conversion fees.
- Enabling Programmable Financial Services
Stablecoins support programmable transactions, including automated micropayments, real-time payroll, and conditional transfers, offering businesses in Southeast Asia and Africa more efficient treasury management and vendor payouts while improving transparency.
Last November, Zhou highlighted the growing global adoption of stablecoins for cross-border payments. He noted that their use could significantly reduce the delays and high costs associated with remittance transfers.
This article is published on BitPinas: Coins.ph: Stablecoins Cut Costs and Speed Up Cross-Border Remittances
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