Dennis Gaviola

Article (news)

Arthur Fuentes

ABS-CBN News

MANILA — The Bank of the Philippine Islands (BPI) has announced a pilot project to introduce stablecoin-based settlement rails aimed at modernizing cross-border remittances to the Philippines.The Ayala-led lender said the initiative, which was developed in partnership with global digital clearinghouse Meridian, seeks to improve the speed and cost-efficiency of inbound payment flows. The initial rollout will focus on payroll credits for informal economy workers, including freelancers and virtual assistants, before expanding to the broader client base ahead of the ASEAN 49 summit in November.Stablecoins, which are digital tokens typically pegged to a fiat currency like the US dollar, are increasingly utilized in global finance to reduce processing times and transaction expenses associated with international transfers.“Filipinos move billions of pesos every year, and it is our responsibility to make sure that their money arrives faster, cheaper, and just as securely as it does today. Exploring stablecoin rails is a natural extension of BPI&#x27;s digitalization strategy and customer focus,” said TG Limcaoco, BPI President and CEO.BPI stated that the pilot will be conducted in close coordination with the Bangko Sentral ng Pilipinas (BSP), emphasizing strict adherence to regulatory compliance, consumer protection, and reserve transparency throughout the trial phase.

BPI said the initiative seeks to improve the speed and cost-efficiency of inbound payment flows.

BPI said the initiative seeks to improve the speed and cost-efficiency of inbound payment flows.

BPI to pilot stablecoin for cross-border payments to virtual assistants, freelancers

News

Entertainment

Lifestyle

Sports

Metro.Style

More

BINI

Sudoku

Word of the Day

Lotto

Horoscope

Business

BPI to pilot stablecoin for cross-border payments to virtual assistants, freelancers

Arthur Fuentes,

ABS-CBN News

Published July 23, 2026 08:25 PM PHT

Read More:

BPI

stablecoin

remittances

fintech

Meridian

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.