PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins.
According to a Tuesday press release, the new integration will connect Toku’s token-based payroll system with PDAX’s regulated cash out rail, allowing businesses to remit stablecoin wages through their normal payroll flow and allowing workers to convert their earnings into pesos without incurring wire fees or delays.
Toki routes payments directly to PDAX wallets or external addresses for real-time on-chain payments. Workers can withdraw cash to almost all Philippine banks and e-wallets, including GCash and GrabPay, and employers can fund their salaries in PHP or stablecoins like (USDC), (USDG), or (RLUSD).
Toki is a global payroll platform that allows businesses to use their existing payroll systems to pay employees and contractors in tokens or stablecoins. According to the company’s website, it is used in more than 100 countries.
PDAX is a Philippine cryptocurrency exchange that provides trading, monetization services, and tokenized asset products to local users and businesses.
Related: Grab strengthens stablecoin push with StraitsX Web3 wallet and payments
Philippines is bullish on cryptocurrencies
The Philippines has been one of the most aggressive crypto adopters in Asia, with government agencies and major banks beginning blockchain pilots and stablecoin initiatives in the past two years.
In 2024, Tether partnered with Web3 platform Uquid to enable Filipinos to pay their social security system contributions using USDt on an open network. SSS is a state-run social security program that covers both formal and informal sector workers.
In January 2025, several banks in the Philippines began collaborating on the PHPX stablecoin. It is a Hedera-based project designed to facilitate real-time money transfers using distributed ledger technology.
The Philippine government announced that it will begin notarizing public documents on the Polygon blockchain in July 2025. Paul Soliman, CEO of Bayani Chain, which is supporting the effort, said the system will be used to track government budget records.
In August, the country’s parliament considered a bill that would direct the central bank to build a strategic reserve of 10,000 bitcoins. The Strategic Bitcoin Reserve Act would require the Bank of the Philippines (BSP) to purchase 10,000 Bitcoins and hold them in trust for a minimum of 20 years.
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