Oobit has officially entered the Philippines and is placing stablecoin-based remittance and payment solutions. Through the platform, recipients can receive and use remittances in Tether ($USDT) without delays and exchange costs incurred through regular financial systems. The Filipinos are now able to spend their stablecoins on daily costs, be it groceries, and electrical bills, or even online shopping and sending money to their peers. šŸŒ Today, the Philippines joins a global financial shift. Remittances are skipping banks and landing directly in $USDT (@Tether_to).$38B a year used to move through middlemen and legacy rails.Now, families are spending it in stablecoins and setting a new standard for their… pic.twitter.com/OrDeuf4zdG— Oobit (@oobit) October 20, 2025 The data have shown that the overseas Filipino workers remit over $38billion per year. The Philippines is one of the largest receivers of remittances in the world, and thus, it is a key market to adopt digital finance. By integrating Oobit with Visa, one can pay in-store and online with digital currencies, including the $USDT, $BTC, $ETH, and $SOL. The project will make financial services easier to get and speed up the uptake of crypto in everyday life. Changing User Behavior and Readiness to the Market The Philippines offers good opportunities towards adoption of the stablecoins. By 2024, the smartphone penetration was 72, and digital wallets constituted 34 of the e-commerce purchases. The nation ranked 9th in the Chainalysis Global Adoption Index (2025) which shows its increasing crypto involvement to areas other than trading. The initial behavioral change is seen in pilot programs throughout Metro Manila and Cebu. Stablecoins are becoming more popular with users as they conduct their daily transactions without having to convert currencies and use banking services. The trend highlights a realistic shift towards crypto as an investment to crypto as a payment method. Greater Implication to International Remittance Systems Oobit is growing, which reveals the changing role of stablecoins in the real-life financial ecosystems. Since the remittance rates are still high all over the world, the platform provides a competitive alternative that is focused on speed and accessibility. The use of the Philippines can act as a model to other economies that rely on remittances like Mexico and Nigeria. The partnership of Oobit and Tether shows that blockchain technology has the ability to facilitate the inclusion of finances and the modernization of cross-border payments. There has also been an announcement of expansion to Thailand and South Korea by the company, which marks a broader regional trend toward the use of digital currencies to make payments.Oobit has officially entered the Philippines and is placing stablecoin-based remittance and payment solutions. Through the platform, recipients can receive and use remittances in Tether ($USDT) without delays and exchange costs incurred through regular financial systems. The Filipinos are now able to spend their stablecoins on daily costs, be it groceries, and electrical bills, or even online shopping and sending money to their peers. šŸŒ Today, the Philippines joins a global financial shift. Remittances are skipping banks and landing directly in $USDT (@Tether_to).$38B a year used to move through middlemen and legacy rails.Now, families are spending it in stablecoins and setting a new standard for their… pic.twitter.com/OrDeuf4zdG— Oobit (@oobit) October 20, 2025 The data have shown that the overseas Filipino workers remit over $38billion per year. The Philippines is one of the largest receivers of remittances in the world, and thus, it is a key market to adopt digital finance. By integrating Oobit with Visa, one can pay in-store and online with digital currencies, including the $USDT, $BTC, $ETH, and $SOL. The project will make financial services easier to get and speed up the uptake of crypto in everyday life. Changing User Behavior and Readiness to the Market The Philippines offers good opportunities towards adoption of the stablecoins. By 2024, the smartphone penetration was 72, and digital wallets constituted 34 of the e-commerce purchases. The nation ranked 9th in the Chainalysis Global Adoption Index (2025) which shows its increasing crypto involvement to areas other than trading. The initial behavioral change is seen in pilot programs throughout Metro Manila and Cebu. Stablecoins are becoming more popular with users as they conduct their daily transactions without having to convert currencies and use banking services. The trend highlights a realistic shift towards crypto as an investment to crypto as a payment method. Greater Implication to International Remittance Systems Oobit is growing, which reveals the changing role of stablecoins in the real-life financial ecosystems. Since the remittance rates are still high all over the world, the platform provides a competitive alternative that is focused on speed and accessibility. The use of the Philippines can act as a model to other economies that rely on remittances like Mexico and Nigeria. The partnership of Oobit and Tether shows that blockchain technology has the ability to facilitate the inclusion of finances and the modernization of cross-border payments. There has also been an announcement of expansion to Thailand and South Korea by the company, which marks a broader regional trend toward the use of digital currencies to make payments.

Oobit Launches in the Philippines, Turning Remittances into $USDT Spending

2025/10/21 02:15

Oobit has officially entered the Philippines and is placing stablecoin-based remittance and payment solutions. Through the platform, recipients can receive and use remittances in Tether ($USDT) without delays and exchange costs incurred through regular financial systems. The Filipinos are now able to spend their stablecoins on daily costs, be it groceries, and electrical bills, or even online shopping and sending money to their peers.

The data have shown that the overseas Filipino workers remit over $38billion per year. The Philippines is one of the largest receivers of remittances in the world, and thus, it is a key market to adopt digital finance. By integrating Oobit with Visa, one can pay in-store and online with digital currencies, including the $USDT, $BTC, $ETH, and $SOL. The project will make financial services easier to get and speed up the uptake of crypto in everyday life.

Changing User Behavior and Readiness to the Market

The Philippines offers good opportunities towards adoption of the stablecoins. By 2024, the smartphone penetration was 72, and digital wallets constituted 34 of the e-commerce purchases. The nation ranked 9th in the Chainalysis Global Adoption Index (2025) which shows its increasing crypto involvement to areas other than trading.

The initial behavioral change is seen in pilot programs throughout Metro Manila and Cebu. Stablecoins are becoming more popular with users as they conduct their daily transactions without having to convert currencies and use banking services. The trend highlights a realistic shift towards crypto as an investment to crypto as a payment method.

Greater Implication to International Remittance Systems

Oobit is growing, which reveals the changing role of stablecoins in the real-life financial ecosystems. Since the remittance rates are still high all over the world, the platform provides a competitive alternative that is focused on speed and accessibility. The use of the Philippines can act as a model to other economies that rely on remittances like Mexico and Nigeria.

The partnership of Oobit and Tether shows that blockchain technology has the ability to facilitate the inclusion of finances and the modernization of cross-border payments. There has also been an announcement of expansion to Thailand and South Korea by the company, which marks a broader regional trend toward the use of digital currencies to make payments.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Evernorth Losses Spotlight Digital Asset Treasury Risks

Evernorth Losses Spotlight Digital Asset Treasury Risks

The post Evernorth Losses Spotlight Digital Asset Treasury Risks appeared on BitcoinEthereumNews.com. The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after acquiring the asset.Ā  The pullback has also battered shares of Strategy (MSTR), the original Bitcoin treasury play. The company’s stock has dropped by more than 26% over the past month, as Bitcoin’s price has slumped, according to Google Finance data. CryptoQuant noted a 53% drop in MSTR shares from their all-time high.Ā  However, Strategy still holds a sizable unrealized gain on its Bitcoin reserves, with an average cost basis of roughly $74,000 per BTC, according to BitcoinTreasuries.NET. Source: CryptoQuant Meanwhile, BitMine, the largest Ether-holding corporation, is now sitting on approximately $2.1 billion in unrealized losses tied to its Ether reserves, according to CryptoQuant.Ā  BitMine currently holds nearly 3.4 million ETH, having acquired more than 565,000 over the past month, according to industry data. Related: Ripple-backed Evernorth nears launch of publicly traded XRP treasury Digital asset treasury companies: Echoes of the dot-com bubble Digital asset treasury companies, or DATs, have come under mounting valuation pressure in recent months, with analysts cautioning that their market worth is increasingly tied to the performance of their underlying crypto holdings. Some analysts, including those at venture capital firm Breed, argue that only the strongest players will endure, noting that Bitcoin-focused treasuries may be best positioned to avoid a potential ā€œdeath spiral.ā€ The risk, they say,…
Share
BitcoinEthereumNews2025/11/09 10:15
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32