@coinsph This will be bad for the Phil.Peso.... people will turn all their savings /money to stablecoins and not use local fiat anymore. Bads in the long run. Btw have you included sui usd, they have launch free gas fees for stable transfers.
@coinsph@tether Long term, if Filipinos widely adopt USDT and other stablecoins for saving and daily spending, demand for the Philippine peso could gradually weaken, potentially putting depreciation pressure on the peso and reducing some of the BSPโs influence over local money flows and policy.
@coinsph@tether@Tether_APAC Long term, if Filipinos widely adopt USDT and other stablecoins for saving and daily spending, demand for the Philippine peso could gradually weaken, potentially putting depreciation pressure on the peso and reducing some of the BSPโs influence over local money flows and policy.