PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Toku, a Web3 payroll provider, to enable Filipino remote workers to receive wages in stablecoins like USDC, USDG, and RLUSD.
This system allows employers to pay salaries using USD-backed stablecoins, which workers can instantly convert to Philippine pesos through PDAX, eliminating delays and fees associated with international wire transfers. Toku integrates directly with existing payroll systems, facilitating real-time, on-chain settlements and providing transparency via blockchain records.
Workers benefit from faster access to funds, reduced banking costs, and the stability of stablecoins compared to volatile assets like Bitcoin or Ethereum. A PDAX spokesperson emphasized, "This system helps freelancers and remote employees get paid on time without worrying about delays or extra charges."
Employers gain automated payroll calculations, tax reporting, and easier international payroll management without needing multiple bank accounts. Initially serving four employees, the model has potential to expand widely, demonstrating the practical utility of stablecoins in everyday payments and potentially boosting crypto adoption in the region.
