Coins.ph, the Philippines' leading crypto-native digital wallet, has launched a groundbreaking QRPh Stablecoin Payment functionality, enabling millions of users to pay for goods and services directly with stablecoins. The feature, available starting April 21, 2026, allows transactions to be settled using Philippine Pesos (PHP), the stablecoins USDT and USDC, or a combination of both within a single, unified checkout flow.
This integration with QRPh—the national QR code standard developed by the Bangko Sentral ng Pilipinas (BSP)—bridges digital assets with daily commerce. It is immediately compatible with nearly 700,000 QRPh-enabled merchants across the country, from small local businesses to major retail chains. The scale of the existing infrastructure is significant; in December 2025 alone, Coins.ph processed nearly ₱30 billion in QRPh transactions.
The system supports three payment modes: PHP-only, crypto-funded payments (using USDT or USDC which are automatically converted to PHP), and a hybrid flow. The platform provides real-time conversion quotes during checkout, and the entire process is designed to be seamless, with appropriate reversal handling for failed transactions. All refunds are processed in PHP.
CEO Wei Zhou stated the feature aims to "revolutionize how our users make payments" and is part of a broader effort to make cryptocurrency usable in everyday scenarios. The company plans to integrate more tokens in the coming months, but the initial rollout focuses on the two most liquid global stablecoins.
