Coins.ph Expands Stablecoin Remittance Rails to Cut Costs and Speed Transfers

Coins.ph is expanding its stablecoin remittance infrastructure to provide faster, lower-cost cross-border payments for Overseas Filipino Workers. The firm cites that USDT and USDC combined market cap surpassed $260 billion in 2025, doubling since 2023, and analysts predict stablecoins could reach a $2 trillion market by 2028 as regulatory clarity and institutional adoption increase. Global remittances reached over $900 billion in 2024; Coins.ph argues traditional banking channels are slow and costly, eroding value for recipients. To address this, Coins.ph partnered with BCRemit, HashKey, Hi-Globe, and FinFan to build near-instant, compliant payment corridors linking the Philippines with major sending markets including Hong Kong, Vietnam, the U.S., U.K., Canada, and the EU. CEO Wei Zhou said stablecoins solve remittance pain points—reducing fees, shortening settlement to minutes, enabling 24/7 transfers, improving financial inclusion for the unbanked, lowering FX risk through fiat-pegged tokens, and enabling programmable payments (micropayments, payroll, conditional transfers). Coins.ph estimates stablecoin rails can push transaction costs below 1%, increasing the share of the estimated $38.34 billion sent by Overseas Filipino Workers that reaches households. The move positions Coins.ph to capture remittance flows via USDT/USDC rails and could accelerate adoption of crypto-based cross-border payment solutions in the Philippines and other emerging markets.