Locally licensed Coins.ph has launched a new feature allowing its users to settle daily transactions using stablecoins through the national QRPh standard.
Announced on this week, the QRPh Stablecoin Payment functionality enables users to pay at nearly 700,000 partner merchants nationwide using Philippine Pesos (PHP), supported stablecoins, or a combination of both in a single checkout process.
The initial rollout supports two major US Dollar-pegged stablecoins: Tether (USDT) and USD Coin (USDC).
How the Payment Flow Works
The integration eliminates the need for users to manually pre-convert their crypto into fiat before making a purchase. Instead, the platform offers an automated conversion process at the point of sale.
The system supports three distinct payment modes:
- PHP-Only: Standard transactions using traditional fiat currency.
- Crypto-Funded Payment: Users pay using USDT or USDC, which the system automatically converts into PHP during the checkout process before completing the transaction with the merchant.
- Hybrid Flow: Users can combine their PHP balance with either USDT or USDC to complete a single transaction if their fiat balance is insufficient.
During the checkout phase, the platform generates real-time conversion quotes to display the exact exchange rate. Once the user confirms, the system executes both the conversion and the merchant payment continuously. In the event of a reversed transaction or a refund, the platform returns the funds to the user entirely in PHP, regardless of the original payment method used.
Leveraging the National QR Standard
QRPh is the Philippines’ national QR code standard, developed by the Bangko Sentral ng Pilipinas (BSP) to provide an interoperable payment system. It allows customers to pay for goods and services by scanning a single QR code, even if the merchant and the consumer use different banks or e-wallets.
The scale of the infrastructure is significant; Coins.ph reported processing nearly ₱30 billion in QRPh transactions in December 2025 alone.
Company Perspective
Wei Zhou, CEO of Coins.ph, noted that the initiative is designed to make cryptocurrency more usable in daily scenarios, ranging from small purchases like coffee to larger retail shopping.
“By transforming crypto from a passive investment into a versatile tool for daily life, we are setting a new standard for national payments,” Zhou stated. “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.”
The company indicated that more tokens are slated for integration into the payment flow in the coming months.
This article is published on BitPinas: Coins.ph Enables USDT and USDC Payments Via QRPh
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