WUSD Stablecoin Launches on Coins.ph for Philippine Users

Worldwide Stablecoin Payment Network (WSPN), a prominent stablecoin infrastructure provider, has announced the official listing of its USD-backed stablecoin, WUSD, on Coins.ph, the leading cryptocurrency exchange platform in the Philippines. This new development introduces a WUSD/PHP trading pair, allowing Filipino users to convert Philippine Pesos directly into WUSD. This move provides a reliable fiat gateway to the global stablecoin ecosystem, facilitating seamless transactions and enhancing financial accessibility for users in the region.

The listing on Coins.ph marks a significant milestone in WUSD's expansion across Southeast Asia, particularly in the Philippines, where digital asset adoption is rapidly growing. Coins.ph, with its extensive user base of millions of Filipinos, serves as an ideal platform for WUSD to enter this strategic market. The integration enables users to convert WUSD to PHP directly, eliminating the need for multiple currency conversions and offering 24/7 availability for cross-border transactions and stable value storage. This is particularly beneficial given the Philippines' status as a major remittance destination, where efficient and secure financial transactions are crucial.

WSPN's collaboration with Coins.ph is part of its broader strategy to foster a more inclusive and accessible financial ecosystem. By deepening its partnerships with leading regional exchanges, WSPN aims to provide users across Southeast Asia and beyond with secure, efficient, and transparent payment solutions. The WUSD stablecoin, pegged 1:1 to the U.S. Dollar, is designed to optimize digital payments for Web3 users, prioritizing user-centricity, community governance, and accessibility. This approach is expected to drive widespread stablecoin adoption, aligning with WSPN's mission to build a more secure and efficient global payment infrastructure.

Coins.ph, launched in 2014, has established itself as the most trusted cryptocurrency brand in the Philippines, serving over 18 million users. The platform offers a user-friendly mobile app that allows users to buy and sell various cryptocurrencies and access a range of financial services. Fully regulated by the Bangko Sentral ng Pilipinas (BSP), Coins.ph is the first crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank. This regulatory compliance enhances user trust and ensures the platform's reliability and security.