The Philippines’s largest digital purse, G Cash, has announced the support of Stable Queens through the USDC.
The largest and most commonly used digital mini app in the Philippines, G Cash announced support for USDC in its mobile purse. Another ~ 100M users are being brought to the Circle’s Stable Quinn network. https://t.co/ruscnyyjji
– Jeremy Alir – jda.eth / jdallaire.sol (@jeralllaire) March 21, 2025
Publicly available data suggests that G -Cash, which is similar to China’s EliP or V -Chat salary, is more than $ 65 billion (3.8 trillion Philippines paso) in the annual transaction volume.
Filipino remittances reached a record $ 38.3 billion in 2024, and about 8 % -10 % of the country’s GDP.
Elipi’s owner-ENT Group, Ala-Corporation and Globe Telecom-based 917 ventures in Manila’s G-Cash Operator Mint. G Cash offers crypto services through its GCRYPTO subsidiary, which has contributed to a locally licensed Crypto Exchange PDAX.
Overall, GCRYPTO offers 39 different assets for trade on its platform, including PayPal’s pyusd stablecoin. The stable queen transfer is growing as part of the market, but relatively smalle remains small, with all these boundaries using crypto rails is less than 5 % time.
Recently, Bloomberg reported that G Cash could find the price of an IPO worth at least $ 8 billion by the end of 2025.
The company allegedly has no rush to go to the public as it has recently completed a funding round that has raised its price to $ 5 billion, which provides considerable investment and flexibility to wait for the market conditions.
