Coins.ph CEO: Stablecoins Boost Philippines Remittances

Coins.ph CEO Wei Zhou sat down with Bloomberg to spotlight stablecoins transforming remittances, as overseas Filipinos send home $35 billion yearly with a surging portion via crypto. This shift underscores stablecoin remittance trends in emerging markets, where platforms like Coins.ph slash fees and speed up transfers compared to traditional banks. Amid rising Philippines crypto adoption, Zhou highlighted how these assets rival Bitcoin in practical utility for global payments, potentially reshaping macro flows in Southeast Asia's economy.