10 April, 2024 —   Tether Operations Limited (Tether), the largest company in the digital asset industry, and Coins.ph, a leading digital asset exchange in the Philippines, announced today that they are joining forces to promote financial education of blockchain technologies, Bitcoin, and Stablecoins, in the region. 

This collaboration will empower Filipinos with financial knowledge through a series of educational programs developed by Coins.ph, tailored to diverse audiences. This will include workshops, online campaigns, and interactive quizzes designed to increase awareness and understanding of digital assets and their potential benefits.

“The Philippines is a nation brimming with potential for digital asset adoption”, said Paolo Ardoino, CEO of Tether. “Through this collaboration with Coins.ph, we hope to equip Filipinos with the knowledge and tools to navigate the exciting world of blockchain technologies. Tether is proud to spearhead a movement that combines cutting-edge technology, education, and financial inclusion.”

“Our collaboration with Tether marks a significant step towards equipping Filipinos with essential knowledge to participate in the growing digital asset economy. A key focus of this will be the use of Stablecoins such as USDT for cross-border payments and remittances,” said Wei Zhou, CEO of Coins.ph. “This collaboration aligns with our mission to make financial services accessible and inclusive for everyone in the Philippines.”

This latest collaboration is a further demonstration of Tether’s overarching mission to facilitate easy access to educational resources that promote an understanding and responsible utilization of blockchain-backed digital assets. This endeavor represents an extension of Tether’stheir existing groundwork in Thailand, Georgia, Uzbekistan, and Africa where Tether has collaborated on educational initiatives to raise awareness and understanding of blockchain technology and stablecoins. With these initiatives, Tether seeks to equip citizens with the necessary knowledge and proficiencies to thrive in the cryptocurrency sphere, encompassing vital areas like avant-garde technology, stablecoins, and peer-to-peer systems.

The educational initiatives will target diverse segments of the Filipino population, including finance professionals like bankers and fintech companies, but also Overseas Filipino Workers seeking efficient remittance solutions, pawnshop owners and customers, and individuals curious about the fundamentals of cryptocurrency. 

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ Central Bank, and is the first-ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

Important Note

This press release is not an offer to sell or the solicitation of an offer to buy USD₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ pursuant to the terms of service available (as of the date of this press release) at https://tether.to/en/legal.