Visa eyes stablecoin push amid Philippines’ low public trust

Homepage > News > Finance > Visa eyes stablecoin push amid Philippines’ low public trust TL;DR: Visa aims to bring stablecoin-based remittances to the Philippines, but its 2026 survey reveals low awareness and trust among Filipinos. Despite these challenges, Visa sees an opportunity to build understanding and adoption by tapping into Filipinos’ appetite for education and new digital payment options. Key Takeaways: Visa’s 2026 study highlights Filipinos’ continued reliance on cash-based remittances, with 81% expressing trust in the method as cash remittance inflows from OFWs reached $3.03 billion in the first eight months of the year. Stronger security and fraud protection, easy conversion to local currency, faster transfers, and lower fees could encourage Filipinos to use stablecoins for remittances. Visa is exploring stablecoin-based remittances in the Philippines but has yet to announce a rollout timeline as it navigates regulatory requirements and engages relevant stakeholders. Global payments giant Visa (NASDAQ: V) is eager to demonstrate the power of stablecoins in potentially transforming the Philippines’ digital finance ecosystem through a planned application in the...