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 first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
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
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
