According to Cointelegraph, Tether, the world's largest stablecoin issuer, has partnered with Web3 shopping and infrastructure company Uquid to launch a new crypto payment option, enabling Philippine citizens to use Tether USDT to pay for the Social Security System (SSS) through the TON blockchain. Uquid said that this cooperation shows how stablecoins such as USDT and cryptocurrencies can simplify and enhance the convenience of daily life.
Uquid CEO Tran Hung said that the partnership with Tether marks an important step in their journey to integrate digital currencies with daily transactions, making cryptocurrency micropayments feasible. This latest move supported by Tether sets a new benchmark for the convenience and accessibility of digital shopping.
In recent years, the demand for stablecoins has continued to rise. They have become the main liquidity provider in centralized and decentralized markets and are gradually being used in daily payments. Mainstream payment platforms including PayPal and Ripple have also launched or plan to launch their own stablecoins to meet the growing demand.