Netbank Launches Stablecoins Off-Ramp for Faster Philippines Payments

▤ Summary

Netbank has launched a stablecoin off-ramp that lets fintech firms and global payments platforms convert digital assets into Philippine pesos. The service supports funding local accounts with USDC or USDT and uses pre-agreed OTC FX rates to reduce slippage. It also removes the need for traditional wire transfers and nostro pre-funding requirements. Netbank says the end-to-end settlement flow now completes in about 30 to 60 minutes inside a regulated banking environment.

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