Coins.ph, a leading digital asset exchange in the Philippines, together with Tether Operations Limited (Tether), issuer of USDT – the world’s largest stablecoin by market capitalization, announced today a collaboration to enhance financial education of blockchain technologies, Bitcoin, Stablecoins, and the cryptocurrency industry in the country.
A stablecoin is a type of digital asset designed to maintain a stable value against the value of an underlying fiat currency. USDT is a stablecoin whose value is pegged to the U.S. dollar.
For over a decade, Coins.ph has been a leader in the Philippines’ digital asset industry, amassing an unparalleled 18 million-strong user base and established itself as the leading source of liquidity for top traded assets such as Bitcoin, Ethereum, Solana and USDT. With over 70 tokens listed and a trading user base that has surged threefold this year alone, the platform has marked 400% to 500% growth in trading volume in recent months versus 2023. This not only cements Coins.ph’s position as the leading digital asset exchange in the Philippines but also underscores its pivotal role in shaping the country’s financial landscape. Coins.ph is strategically positioned to advance this educational initiative in the Philippines.
“Our collaboration with Tether marks a significant step towards equipping Filipinos with essential knowledge to participate in the growing digital asset economy,” said Wei Zhou, CEO of Coins.ph. “This collaboration aligns with our mission to make financial services accessible and inclusive for everyone in the Philippines.”
This collaboration will empower Filipinos with the financial knowledge necessary to confidently participate in the cryptocurrency industry. This will entail, among other things, a series of educational programs developed by Coins.ph, tailored to diverse audiences. This will include workshops, online campaigns, and interactive quizzes designed to increase awareness and understanding of digital assets and their potential benefits.
“The Philippines is a nation brimming with potential for digital asset adoption”, said Paolo Ardoino, CEO of Tether. “Through this collaboration with Coins.ph, we hope to equip Filipinos with the knowledge and tools to navigate the exciting world of blockchain technologies. Tether is proud to spearhead a movement that combines cutting-edge technology, education, and financial inclusion.”
This collaboration further demonstrates Tether’s overarching mission to facilitate easy access to educational resources that promote an understanding and responsible utilization of blockchain-backed digital assets. This endeavor represents an extension of their existing groundwork in Thailand, Georgia, Uzbekistan, and Africa where Tether has collaborated on educational initiatives to raise awareness and understanding of blockchain technology and stablecoins. With these initiatives, Tether seeks to equip citizens with the necessary knowledge and proficiencies to thrive in the cryptocurrency sphere, encompassing vital areas like avant-garde technology, stablecoins, and peer-to-peer systems.
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