GCash has integrated support for USDC, enabling Filipinos to seamlessly send, save, and spend digital dollars. With this addition, over 100 million GCash users can now buy, hold, and transfer USDC via GCrypto, the app’s dedicated cryptocurrency platform.

Unlike Bitcoin and Ethereum, USDC maintains a stable value by being directly pegged to the U.S. dollar, offering users a reliable option for digital payments and savings.

GCash Leverages Fintech Partnerships to Drive Financial Innovation

The Philippines’ largest mobile wallet, GCash, has integrated support for USDC stablecoin, a move expected to accelerate cryptocurrency adoption in Southeast Asia. Circle CEO Jeremy Allaire confirmed the development, stating that it could introduce up to 100 million new users to the USDC ecosystem.

GCash, often compared to Alipay and WeChat Pay, processes over $65 billion in annual transactions. The platform is operated by Mynt, a fintech venture backed by Ant Group, Ayala Corporation, and Globe Telecom’s 917 Ventures. With its GCrypto platform already linked to the locally licensed Philippine Digital Asset Exchange (PDAX), GCash continues to expand its role in the digital finance space.

GCash Enhances Crypto Services with USDC for Growing Remittance Market

GCrypto, the cryptocurrency platform within GCash, has expanded its offerings to include 39 digital assets, such as PayPal’s PYUSD stablecoin. While crypto-powered remittances remain under 5% of total transactions, their market share is increasing. In 2024, overseas Filipino remittances reached a record $38.3 billion — accounting for 8–10% of the country’s GDP — demonstrating the potential for stablecoins to enhance cross-border payments.

By integrating USDC, GCash is reinforcing its commitment to digital financial innovation. With stablecoin adoption on the rise, Filipino users may turn to USDC for remittances, investments, and seamless digital transactions.