【Cross-Border Payment Revolution: @Coinsph CEO Wei Zhou Says “Stablecoins Are Eating Into Traditional Payment Markets”】
At the #ConsensusHK roundtable hosted by #zelena wallet adoption is growing at an annual rate of 400%.
has received approval from the Philippines Central Bank to pilot the peso-pegged stablecoin PHPC and aims to establish Southeast Asia’s first multi-currency liquidity pool. This would enable merchants to directly exchange Singapore dollar stablecoins (XSGD) for peso stablecoins (PHPC) without USD intermediaries, potentially reducing cross-border settlement costs by over 70%.
“Stablecoins are rapidly eating into the market share of traditional payment systems—much faster than anyone expected,” Wei Zhou stated.
For more insights from our speakers, stay tuned!
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