For many families, this money pays for food, healthcare, education, and even small businesses. It also supports local economies by bringing in much-needed foreign exchange.
But even with their importance, sending money abroad through traditional banks is often slow, costly, and full of delays. For millions of Filipinos working overseas, these problems reduce the value of every hard-earned peso they send home.
But even with their importance, sending money abroad through traditional banks is often slow, costly, and full of delays. For millions of Filipinos working overseas, these problems reduce the value of every hard-earned peso they send home.
The Rise of Stablecoins Worldwide
Stablecoins, digital currencies pegged to assets like the US dollar, are quickly becoming a popular way to move money across borders. Their growth has been huge. By 2025, the combined market value of the two largest stablecoins, USDC and USDT, went past $260 billion. Analysts expect the entire stablecoin market to reach around $2 trillion by 2028 as more institutions use them for payments. Their main advantage is simple: stablecoins provide fast and low-cost transfers, without relying on the slow processes of traditional banks.
Stablecoins, digital currencies pegged to assets like the US dollar, are quickly becoming a popular way to move money across borders. Their growth has been huge. By 2025, the combined market value of the two largest stablecoins, USDC and USDT, went past $260 billion. Analysts expect the entire stablecoin market to reach around $2 trillion by 2028 as more institutions use them for payments. Their main advantage is simple: stablecoins provide fast and low-cost transfers, without relying on the slow processes of traditional banks.
How Coins.ph Is Helping Push This Change Forward
Coins.ph, the leading crypto exchange in the Philippines, has expanded its stablecoin remittance network through global partnerships with companies like BCRemit, Hashkey, Hi-Globe, and FinFan. These partnerships create efficient and compliant payment routes between major countries such as Hong Kong, Vietnam, the UK, US, Canada, and those in the European Union, and the Philippines. This means senders can avoid unnecessary middlemen, making the process faster and more affordable.
“We are aggressively supporting stablecoin remittances because they solve the fundamental problems of cost and time that plague millions of migrant worker`s. Stablecoins offer a pathway to near-instant, compliant transfers at a fraction of the current cost, ensuring more of that hard-earned funds reaches home. This isn't just an improvement—it's the potential for a massive, equitable shift that truly empowers the Filipino diaspora," says Wei Zhou, Coins.ph Chief Executive Officer.
Coins.ph, the leading crypto exchange in the Philippines, has expanded its stablecoin remittance network through global partnerships with companies like BCRemit, Hashkey, Hi-Globe, and FinFan. These partnerships create efficient and compliant payment routes between major countries such as Hong Kong, Vietnam, the UK, US, Canada, and those in the European Union, and the Philippines. This means senders can avoid unnecessary middlemen, making the process faster and more affordable.
“We are aggressively supporting stablecoin remittances because they solve the fundamental problems of cost and time that plague millions of migrant worker`s. Stablecoins offer a pathway to near-instant, compliant transfers at a fraction of the current cost, ensuring more of that hard-earned funds reaches home. This isn't just an improvement—it's the potential for a massive, equitable shift that truly empowers the Filipino diaspora," says Wei Zhou, Coins.ph Chief Executive Officer.
5 Ways Stablecoin Remittances Are Improving Cross-Border Payments
1. Lower Transaction Costs
High fees remain one of the biggest challenges in global remittances. As of Q3 2024, the global average cost of sending money through banks and traditional remittance operators was still 6.62%, according to the World Bank. This is more than double the UN target of bringing costs below 3%.
Stablecoin remittances are different because they bypass multiple bank intermediaries. In many cases, transaction fees can go below 1%. For the Philippines, where OFWs sent around $38.34 billion, these savings can make a big difference for families who rely on every peso they receive.
High fees remain one of the biggest challenges in global remittances. As of Q3 2024, the global average cost of sending money through banks and traditional remittance operators was still 6.62%, according to the World Bank. This is more than double the UN target of bringing costs below 3%.
Stablecoin remittances are different because they bypass multiple bank intermediaries. In many cases, transaction fees can go below 1%. For the Philippines, where OFWs sent around $38.34 billion, these savings can make a big difference for families who rely on every peso they receive.
2. Faster Transfers Anytime, Anywhere
Traditional international transfers can take 3 to 5 business days due to cut-off times and limited banking hours. Stablecoins settle almost instantly. Transfers are completed within minutes, even during weekends or holidays. This 24/7 availability gives senders and receivers more flexibility, especially during emergencies.
As Zhou shared, "Stablecoins are leading the digital transformation of cross-border payments. By adopting stablecoin rails for remittances, we are enabling near real-time, low-cost transfers that offer overseas Filipinos and their families greater value, transparency, and financial freedom."
Traditional international transfers can take 3 to 5 business days due to cut-off times and limited banking hours. Stablecoins settle almost instantly. Transfers are completed within minutes, even during weekends or holidays. This 24/7 availability gives senders and receivers more flexibility, especially during emergencies.
As Zhou shared, "Stablecoins are leading the digital transformation of cross-border payments. By adopting stablecoin rails for remittances, we are enabling near real-time, low-cost transfers that offer overseas Filipinos and their families greater value, transparency, and financial freedom."
3. Better Access for the Unbanked
In many emerging markets, including the Philippines, a large number of people are still unbanked or underbanked. Without a bank account, receiving money can be difficult.
Stablecoins only require a mobile device and a digital wallet. This makes it easier for families in remote areas to receive funds safely and instantly, even without a bank account. It also gives users a secure, USD-pegged digital asset that holds its value. This access is one reason why countries in Southeast Asia and Latin America are seeing strong growth in crypto adoption.
In many emerging markets, including the Philippines, a large number of people are still unbanked or underbanked. Without a bank account, receiving money can be difficult.
Stablecoins only require a mobile device and a digital wallet. This makes it easier for families in remote areas to receive funds safely and instantly, even without a bank account. It also gives users a secure, USD-pegged digital asset that holds its value. This access is one reason why countries in Southeast Asia and Latin America are seeing strong growth in crypto adoption.
4. Protection From Currency Fluctuations
Traditional transfers often include hidden fees and unpredictable exchange rate changes. Money can lose value as it passes through several intermediaries.
Since major stablecoins are pegged to the USD, they offer a predictable value from start to finish. This removes unnecessary FX losses and protects senders and receivers from sudden shifts in local currencies. It’s especially useful for users who want to keep savings in a stable, dollar-linked form.
Traditional transfers often include hidden fees and unpredictable exchange rate changes. Money can lose value as it passes through several intermediaries.
Since major stablecoins are pegged to the USD, they offer a predictable value from start to finish. This removes unnecessary FX losses and protects senders and receivers from sudden shifts in local currencies. It’s especially useful for users who want to keep savings in a stable, dollar-linked form.
5. More Ways to Use Digital Money
Stablecoins are not just for sending money. Because they run on blockchain networks, transactions can be programmed for more advanced use cases—such as automated payouts, micropayments, real-time salaries, and conditional transfers.
For businesses in fast-growing regions, these features can improve cash flow and make payments more transparent and efficient.
Stablecoins are not just for sending money. Because they run on blockchain networks, transactions can be programmed for more advanced use cases—such as automated payouts, micropayments, real-time salaries, and conditional transfers.
For businesses in fast-growing regions, these features can improve cash flow and make payments more transparent and efficient.
A New Phase for Global Payments
Stablecoin remittances represent more than a new payment method—they mark a major shift in how global finance works. With faster transfers, lower fees, and wider access, stablecoins offer practical benefits to both senders and receivers.
As regulations around the world become clearer, stablecoins are expected to gain even more momentum. And for millions of OFWs and their families, this means more of their earnings can go home on time, with fewer losses along the way.
Stablecoin remittances represent more than a new payment method—they mark a major shift in how global finance works. With faster transfers, lower fees, and wider access, stablecoins offer practical benefits to both senders and receivers.
As regulations around the world become clearer, stablecoins are expected to gain even more momentum. And for millions of OFWs and their families, this means more of their earnings can go home on time, with fewer losses along the way.
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