Coins.ph Pivots to B2B Rails With $100M Daily USDT/USDC Volume
- —Coins.ph handles about $100 million daily in USDT and USDC to pesos
- —Weekend volumes run higher as banks are closed and FX is unavailable
- —USDC-to-peso conversion costs 3 bips; InstaPay cash-out is a flat 5 pesos
- —The firm awaits a CASP license from the SEC and plans a crypto card this year
Why it matters: Exchanges moving into stablecoin B2B settlement intensifies competition with legacy remittance players like Wise.
Source: BitPinas