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Philippines adopts USDT for social security payments


Jul, 01, 2024
< 1 min read
by Forkast
Philippines adopts USDT for social security payments

Tether announced Monday that the Philippines now accepts USDT stablecoin as a payment option for the nation’s Social Security System (SSS).

This move, made possible through a partnership with Uquid, a company specializing in Web3 shopping and services, utilizes the TON blockchain to enhance the efficiency of these payments.

The adoption of USDT for SSS payments is expected to streamline the process for millions, offering a more stable and efficient transaction method.

This integration is part of a larger movement that has seen companies like PayPal incorporate stablecoins for international transactions.

The Philippines’ move to accept cryptocurrency for government services could set a precedent for other nations.

The integration of USDT for SSS payments is an indicator of the increasing trust in digital currencies to offer efficient alternatives to traditional payment methods.

Read the article at Forkast

Read More

SEC Says Certain Stablecoins Qualify as ‘Non-Securities’ Under New Guidelines

SEC Says Certain Stablecoins Qualify as ‘Non-Securities’ Under New Guidelines

The SEC has announced new guidelines, stating that certain fiat-backed stablecoins wi...
Apr, 05, 2025
2 min read
by Cryptonews
SEC Guidance: Certain USD Stablecoins Deemed Not Securities, Crenshaw Dissents

SEC Guidance: Certain USD Stablecoins Deemed Not Securities, Crenshaw Dissents

The U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance h...
Apr, 05, 2025
< 1 min read
by CoinEdition
MainNewsPhilippines ...

Philippines adopts USDT for social security payments


Jul, 01, 2024
< 1 min read
by Forkast
Philippines adopts USDT for social security payments

Tether announced Monday that the Philippines now accepts USDT stablecoin as a payment option for the nation’s Social Security System (SSS).

This move, made possible through a partnership with Uquid, a company specializing in Web3 shopping and services, utilizes the TON blockchain to enhance the efficiency of these payments.

The adoption of USDT for SSS payments is expected to streamline the process for millions, offering a more stable and efficient transaction method.

This integration is part of a larger movement that has seen companies like PayPal incorporate stablecoins for international transactions.

The Philippines’ move to accept cryptocurrency for government services could set a precedent for other nations.

The integration of USDT for SSS payments is an indicator of the increasing trust in digital currencies to offer efficient alternatives to traditional payment methods.

Read the article at Forkast

Read More

SEC Says Certain Stablecoins Qualify as ‘Non-Securities’ Under New Guidelines

SEC Says Certain Stablecoins Qualify as ‘Non-Securities’ Under New Guidelines

The SEC has announced new guidelines, stating that certain fiat-backed stablecoins wi...
Apr, 05, 2025
2 min read
by Cryptonews
SEC Guidance: Certain USD Stablecoins Deemed Not Securities, Crenshaw Dissents

SEC Guidance: Certain USD Stablecoins Deemed Not Securities, Crenshaw Dissents

The U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance h...
Apr, 05, 2025
< 1 min read
by CoinEdition