Coins.ph & BCRemit Launch Instant Stablecoin Remittance Corridor

Published: 2025-10-31 10:29:16 |

Starting November 1, 2025, Coins.ph and BCRemit will launch a stablecoin remittance corridor for Filipinos in the UK, EU, US and Canada. The service converts sender currencies into USDC or USDT on BCRemit’s platform, transmits funds via blockchain rails and reconverts tokens into Philippine pesos in minutes. This stablecoin remittance solution cuts fees by up to 80% compared to traditional banking and removes intermediary delays. Senders can use debit cards, credit cards or bank transfers after verifying accounts. Recipients receive pesos in their Coins.ph e-wallets or bank accounts. Both firms hold Bangko Sentral ng Pilipinas licenses. In early 2026, a QR-payment collection feature will enable outbound transfers from the Philippines to the UK, EU, US and Canada. Coins.ph CEO Wei Zhou and BCRemit founder Oliver Calma highlight improved transparency, efficiency and value preservation for over five million overseas Filipino workers. This blockchain-based remittance service boosts financial inclusion and could drive greater demand for USDC and USDT in global markets.

Bullish

This partnership expands stablecoin remittance corridors and real-world use of USDC and USDT, driving on-chain volume and adoption. In the short term, traders may see increased transaction flows as users shift from traditional channels, boosting demand for these tokens. Over the long term, enhanced transparency, lower fees and regulatory compliance could solidify stablecoins’ role in global remittances, supporting sustained growth and price stability for USDC and USDT.