The Philippines' Social Security System (SSS) has partnered with Tether, the world's largest stablecoin issuer, and Web3 firm Uquid to enable citizens to pay their SSS contributions using Tether (USDT) on The Open Network blockchain.
This move is expected to simplify and streamline the payment process for millions of Filipinos, showcasing the growing acceptance and integration of cryptocurrencies into mainstream financial systems.
The partnership also highlights the increasing demand for stablecoins like USDT, known for their price stability, as a viable alternative for everyday transactions and financial services.
This development marks a significant step towards greater adoption of digital currencies in the Philippines and demonstrates the potential of blockchain technology to improve financial inclusion and accessibility.
