MANILA, Philippines, March 18, 2025 — GCash, the leading mobile wallet in the Philippines with millions of users to date, is offering Circle’s USDC, a fully reserved digital dollar, to millions of Filipinos. This collaboration allows GCash users to receive, buy, hold, or transact with USDC within their GCrypto wallets, providing a secure and accessible digital dollar for financial transactions and savings.
USDC is a fully reserved digital dollar 100% backed by highly liquid cash and cash-equivalent assets and redeemable 1:1 for US dollars. The reserves for USDC are held at regulated financial institutions with published third-party monthly attestations, providing a high level of transparency for GCash users. With USDC, GCash users can access a stable digital dollar that helps provide stability while facilitating seamless and cost-effective transactions in an evolving digital economy.
“The integration of USDC is a significant step in enhancing financial inclusion in the Philippines,”
said GCash Group Head of Wealth Management Arjun Varma.
“By offering easy access to digital dollars, we empower our users with a stable and globally recognized financial asset.”
“At Circle, we believe expanding access to digital financial tools drives economic empowerment,”
said Yam Ki Chan, Vice President, Asia Pacific for Circle.
“We are excited that GCash is enabling millions of Filipinos to participate in the digital economy with confidence and security.”
Acquiring USDC is seamless — GCash users simply navigate to GCrypto within their GCash app, select ‘USDC’, and complete the conversion with their GCash balance. For more information, visit www.new.gcash.com or follow GCash on Facebook: @gcashofficial.
About Mynt
Mynt is the parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
