The Philippines could become a leader in stablecoin‑based remittances if it invests in developer training and sets clear rules, according to fintech executives.
More than one million overseas Filipino workers (OFWs) send money home each year through channels that can charge up to 6% in fees and take days to process.
Stablecoin transfers, by contrast, can be completed almost instantly and at much lower cost.
OFW remittances rose 3.5% in January 2026, showing continued reliance on these flows.
“The Philippines is one of the many countries and regions that stand to benefit the most from stablecoin technology, whether it be through lower costs or settlement fees. The country is ground zero for the shift from a playground for speculation to a mission‑critical rail for real‑world utility,” said David Hsiao, Chief Marketing Officer of Morph.
Bitget’s Southeast Asia country manager Jose Mendoza said stablecoin use for payroll and business invoices grew more than 60% in the past year.
“Our goal is to make stablecoin payments feel local and familiar,” he said. “Users shouldn’t need to understand the underlying complexity. By supporting builders who focus on ‘invisible tech,’ we ensure the end‑user simply experiences 10x faster payments and significantly lower fees.”
DVCode CEO Eli Rabadon said education is key. “The technology is ready. What we need now is education and clarity so builders can integrate stablecoins into apps that everyday Filipinos will actually use. There’s huge potential to create real‑world utility that touches lives immediately,” he said.
Raymond Babst, DA5 CEO, said that regulation is already in place. “The Philippines already has a regulatory framework for virtual assets that can position us ahead of other Asian markets,” he added.
The Bangko Sentral ng Pilipinas has reviewed stablecoin proposals and run pilot tests, but panelists urged faster action as global adoption accelerates.
