Coins.ph launches stablecoin payments via national QR standard

Digital wallet Coins.ph has launched a first-of-its-kind payment feature that allows users to settle transactions using stablecoins through the Philippine national QR standard, bridging the gap between digital assets and daily commerce. The new functionality enables millions of users to pay at nearly 700,000 merchants nationwide using Philippine pesos, USDT, USDC or a combination of these assets in a single checkout flow.

The system integrates directly with QRPh, the interoperable code standard developed by the Bangko Sentral ng Pilipinas to streamline digital payments across different banks and e-wallets. Coins.ph processed nearly P30 billion in QRPh transactions in December 2025. By linking stablecoins to the existing infrastructure, the company allows users to spend crypto at locations ranging from local small enterprises to major retail chains without manual pre-conversion.

For the initial rollout, the platform supports USDT and USDC, the two most liquid stablecoins pegged 1:1 to the US dollar. The system utilizes an automated conversion process at the point of sale, generating real-time quotes to ensure transparency before completing the transaction.

“After a long but exciting development process, Coins.ph is proud to finally introduce its QRPh Stablecoin Payment Support, a new experience that allows eligible users to complete a QRPh transaction using PHP, supported stablecoins, or a combination of both within a single checkout flow,” Coins.ph chief executive Wei Zhou said.

The unified architecture supports three distinct modes. Users may opt for standard peso transactions, crypto-funded payments where digital assets convert to pesos during checkout, or a hybrid flow that combines balances if a single asset is insufficient to cover the cost. If a transaction fails or requires a refund, the platform applies reversal handling where all funds are returned in pesos, regardless of whether the original payment originated from a crypto conversion.

“This initiative is part of Coins’ broader effort to make crypto more usable in everyday scenarios and to simplify merchant QR transactions for users who hold funds across different asset types,” Zhou said. The company expects to integrate additional tokens in the coming months as QRPh adoption continues to surge across the country.

According to Zhou, the move transforms crypto from a passive investment into a versatile tool for daily life. Based in Manila, Coins.ph provides financial services including mobile payments, cross-border transfers and digital asset exchange.