Manila, Philippines, April 21, 2026 - Coins.ph, the country's largest crypto-native digital wallet, announced the immediate availability of a QRPh Stablecoin Payment feature that links holders of USDT and USDC to payments on the national QR standard. The capability allows users to settle transactions using Philippine pesos (PHP), supported stablecoins, or a combination of both in a single, unified checkout flow.
QRPh is the Bangko Sentral ng Pilipinas' national QR code standard, built to provide a secure, convenient and interoperable payments layer. The standard enables a payer to scan a single QR code at the point of sale regardless of whether the merchant and the customer use different banks or e-wallets, removing the need for merchants to present multiple provider-specific codes and streamlining the in-person digital payment experience across the country.
By integrating stablecoin payment capability with QRPh, Coins.ph becomes the first e-wallet in the Philippines to connect blockchain-backed holdings directly to the national QR system. The new payment option is compatible at launch with nearly 700,000 QRPh-enabled merchants, spanning small local vendors to large retail chains.
The scale of the underlying QRPh activity on Coins.ph is notable: in December 2025 the platform processed nearly ₱30 billion in QRPh transactions, an existing payments infrastructure now configured to accept crypto-funded checkouts.
Supported tokens and rollout approach
For the initial phase, Coins.ph has prioritized two globally liquid stablecoins. The rollout supports USDT and USDC, with additional tokens slated for integration in future months. The company described the two supported tokens as follows:
- USDT ($USDT): Described as the most widely used stablecoin, pegged 1:1 to the US Dollar and positioned to combine crypto speed with fiat price stability.
- USDC ($USDC): Identified as a highly regulated, transparent stablecoin also pegged to the US Dollar and favored for its security and reliability among institutional and retail users.
Coins.ph said its implementation addresses a common friction point in crypto-enabled commerce: the need for manual pre-conversion of tokens into local currency before making a payment. The platform's automation converts supported stablecoins into PHP at the point of sale, allowing users to complete transactions without leaving the checkout interface.
"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. We expect this new feature to revolutionize how our users make payments, whether it’s for usual coffee runs or for weekend shopping at large retail chains," said Wei Zhou, CEO of Coins.ph.
Checkout mechanics and safeguards
The QRPh Stablecoin Payment architecture is built to support three distinct settlement modes:
- PHP-Only - Traditional transactions denominated and settled in Philippine pesos.
- Crypto-Funded Payment - Users pay with USDT or USDC, which are converted into PHP as part of the checkout prior to executing the QRPh payment.
- Hybrid Flow - A combined payment using PHP and either USDT or USDC when a single balance is insufficient to complete the transaction.
During checkout, the system generates real-time conversion quotes so users see the conversion terms before confirming. Once a user confirms, the platform executes the conversion and the merchant transaction in a single continuous flow, removing much of the procedural complexity typically associated with blockchain-based payments.
Coins.ph also described reversal and refund handling. If a QRPh payment fails to complete, appropriate reversal handling is applied. For refunds, the company stated that all QRPh refunds will be returned in PHP regardless of whether the original payment used crypto conversion.
"By transforming crypto from a passive investment into a versatile tool for daily life, we are setting a new standard for national payments. As QRPh adoption in the Philippines surges, Coins.ph remains at the forefront, ensuring every Filipino has the power to choose how they store, grow, and now spend their digital assets," Zhou said.
Business positioning and product scope
Coins.ph positions the capability as part of a broader product suite that links stablecoin-powered settlement to local payment rails, aiming to make money movement faster and lower cost with continuous availability. The platform offers payments, cross-border transfers, currency conversion, digital asset access, and financial services including cards, credit, investments and treasury functions, according to the company's profile.
The company provided a contact for media and inquiries: Amira Alawi, Global Marketing Director, Coins.ph, at [email protected].
Editorial note: This report presents the technical and operational attributes of the QRPh Stablecoin Payment rollout as described by Coins.ph, including supported tokens, merchant compatibility, checkout mechanics, and refund handling. The article reflects the information disclosed by the company at announcement and does not add or infer details beyond those disclosures.