Stablecoins Cut Remittance Fees to Under 1%, Saving Filipinos 90%
A ₱5,806 ($100) remittance that costs $6.40 through traditional banks can move via stablecoins for under ₱58 ($1). Coins.ph Global Marketing Director Amira Alawi says the platform hit ₱2.9 billion ($50 million) in daily spot volume this month.
Send ₱5,806 ($100) home through a bank and you'll lose $6.40 to fees — that's the 6.4% global average the World Bank tracks.
Coins.ph says stablecoins like USDT and USDC change that math. Traditional bank wire transfers take 3 to 5 days and pass through 3 to 4 intermediary banks, with each charging $10 to $30 in processing fees. Stablecoins peg 1:1 to the US Dollar and move over blockchains that process thousands of transactions per second. Transaction costs typically run under 1% — Coins.ph claims that's a 90% savings versus traditional banking. A freelancer billing $1,000 loses $60 to traditional payment rails but only a fraction of that using stablecoins.
Coins.ph Global Marketing Director Amira Alawi says stablecoins are about ensuring hard-earned money reaches its destination in full and instantly, without being eroded by legacy systems built for a pre-internet era.
The platform operates as a licensed Virtual Currency Exchange under the Bangko Sentral ng Pilipinas and holds Asia's first crypto-based Electronic Money Issuer license. Coins.ph's daily spot volume reached ₱2.9 billion ($50 million) in February 2026 after recording ₱29.03 billion ($500 million) in total trading volume in November.
