Philippines Adds Tether’s USDT for Social Security Payments

Tether has launched a novel payment method for citizens of the Philippines, allowing them to utilize their stablecoin, USDT, to pay for their social security system (SSS) contributions.

The SSS is a government-run program that provides financial support to employees in both formal and informal sectors.

By partnering with Uquid, a leading Web3 online shopping and infrastructure company, Tether has made it possible for users to make SSS contributions through the TON blockchain platform. Uquid is recognized for its decentralized commerce infrastructure, utilizing blockchain technology and decentralized finance to offer cryptocurrency payment options.

With a vast user base of over 260 million in various markets, Uquid is well-equipped to promote the use of cryptocurrencies in daily transactions. The rise in demand for stablecoins in recent years reflects the increasing adoption of cryptocurrencies.