Visa explores stablecoin remittances for the Philippines amid low trust
- —Remittances equal 7.3% of Philippine GDP and 6.4% of GNI by end-2025
- —OFW cash remittances hit $3.03 billion in eight months, up 1.9% year on year
- —58% of respondents had not heard of stablecoins; 21% heard of them but did not know what they are
- —40% want more stablecoin education; 26% want easy conversion to local fiat
Why it matters: A major payments firm is testing stablecoins in a multibillion-dollar remittance market, but low trust and regulation are holding back adoption.
Source: CoinGeek