QRPh Stablecoin Payment: Coins.ph adds USDT/USDC checkout
Coins.ph has launched the QRPh Stablecoin Payment flow in the Philippines, starting today, using the BSP-issued national QR standard QRPh. At checkout, users can pay in three ways: PHP only, crypto-funded (USDT or USDC automatically converted to PHP), or a hybrid mix (PHP plus USDT/USDC). Coins.ph says the QRPh Stablecoin Payment executes conversion and merchant payment as one continuous flow and shows real-time conversion quotes. If a QRPh payment is reversed or refunded, funds are returned entirely in PHP.
Initial support is USDT and USDC. Coins.ph also reports that in December 2025 it processed nearly ₱30 billion in QRPh transactions across about 700,000 QRPh-enabled merchants. For traders, broader QRPh Stablecoin Payment adoption can lift real-world settlement demand for USDT/USDC in a regulated payment rail, potentially improving sentiment toward stablecoin liquidity and usage in PH.
Bullish
This news is bullish for the market price behavior of the stablecoins used in the flow (USDT and USDC) because QRPh Stablecoin Payment expands payments from crypto holders into everyday merchant settlement without requiring manual pre-conversion. The combination of (1) automated conversion at checkout, (2) real-time quotes, (3) broad merchant compatibility (~700,000), and (4) operational continuity (one-step conversion + payment, PHP-denominated refunds) lowers friction and can increase ongoing transactional demand for USDT/USDC in the Philippines.
Short term, traders may react positively to the incremental onboarding/use-case expansion and the reported scale of QRPh usage (nearly ₱30B processed in Dec 2025), which can support near-term demand expectations. Long term, integrating USDT/USDC into a regulated national QR rail strengthens the stablecoin utility narrative, which typically helps stabilize flows and sentiment around the tokens’ on-chain/off-chain usage—supportive for prices, though still limited by stablecoins’ pegged nature.