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Locally licensed trading platform Coins.ph announced that it will soon launch a stablecoin-powered remittance solution for overseas Filipino workers (OFWs) in the U.S. and Canada through a strategic collaboration with Remitly, a digital financial service provider.
Coins.ph x Remitly
Through the collaboration, Coins.ph will have a stablecoin rail for fund transfer and will directly convert the sent fiat, either in U.S. dollars or Canadian dollars, into stablecoins through Remitly’s solution.
Currently, there are around four million OFWs in the U.S. and Canada, which account for 45% of the total remittances back to the Philippines.
“Remitly and Coins.ph’s collaboration directly taps into the accelerating trend of global stablecoin adoption, which is seeing digital assets move from niche technology to essential financial infrastructure.”
Coins.ph
This newly adopted rail will allow near-instant, low-cost money transfers, according to the locally licensed firm, with minimal latency, ensuring recipients receive funds in Philippine pesos directly into their e-wallet or connected bank account.
“Stablecoins are rapidly shifting from niche technology to essential global infrastructure. By partnering with a trusted global leader like Remitly, we are democratizing finance by leveraging stablecoins to cut costs and provide near real-time transfers, ensuring every dollar saved gives overseas Filipinos and their families more value and financial resilience.”
Wei Zhou, Chief Executive Officer, Coins.ph
Moreover, the rail is not limited to the two mentioned countries, as the service also spans to over 170 countries and serves an estimated 8.9 million quarterly active users that Remitly operates.
“By integrating stablecoin technology with our trusted global network, we are accelerating our mission to transform lives with trusted financial services, ensuring that every dollar means more for the families that rely on these essential transfers.”
Gene Nigro, Vice President of Business Development, Remitly
Coins.ph’s December 2025 News
In the last month of that year, Coins.ph said that it is expanding its stablecoin remittance infrastructure as global remittance flows continue to grow and stablecoins gain wider adoption for cross-border payments.
Worth Reading: Coins.ph: Stablecoins Cut Costs and Speed Up Cross-Border Remittances
Consequently, the platform emphasized that it is positioning its platform as an all-in-one financial application as it continues to expand services that combine payments, fund transfers, bill settlement, and digital asset trading in a single mobile wallet.
Worth Reading: Coins.ph Aims to Position as All-in-One Financial App for Payments, Bills, and Crypto
Alongside its stablecoin efforts, Coins.ph also recently launched its institutional-grade foreign exchange service featuring ultra-tight spreads of just two basis points or 0.02%, across major G10 currency pairs.
Worth Rading: Coins.ph Launches Institutional Forex Trading with Ultra-Low 0.02% Spreads
This article is published on BitPinas: Coins.ph and Remitly Partner for Stablecoin-Powered Remittance for OFWs in the US and Canada
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