Tether (USDT) introduces a new payment option in the Philippines for Social Security System (SSS) contributions through a partnership with Uquid, promoting cryptocurrency adoption in daily transactions.
Stablecoins like USDT are expanding beyond centralized exchange tools to serve as liquidity providers, potentially disrupting the payments sector with transaction speed and low costs.
While stablecoins are gaining interest for cross-border payments, recent data shows a decline in stablecoin holdings from December to May, with Bitcoin dominating investor portfolios over Ethereum among institutional investors.
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