Philippines adopts Tether’s USDT to pay social security benefits

Tether has launched a new cryptocurrency payment option for the Filipino people, allowing them to use USDT to pay for the Social Security System (SSS) funds. In the Philippines, the Social Security System (SSS) is a government-run social insurance program that provides services to employees in the official, informal, and private sectors. Tether has partnered with Web3 shopping and infrastructure company Uquid to allow Filipino citizens to use USDT to pay for social security funds on the TON blockchain.

Comments

All Comments

Recommended for you

Cointime精选 ·

Estimating the Market Impact of Mt. Gox Repayments

Mt. Gox was originally a website where enthusiasts of the card game “Magic: The Gathering Online” could buy and sell cards as if they were stocks. Founded in 2007 and based out of Tokyo, Japan, It was called “Magic: The Gathering Online eXchange“, or Mt Gox for short.
Cointime精选 ·

State of the Network’s Q2 2024 Mining Data Special

Our quarterly update on Bitcoin mining, focusing in on transaction fee spikes, public miner M&A, and ASIC efficiency improvements
Cointime精选 ·

Volume 189: Digital Asset Fund Flows Weekly Report

Digital asset investment products saw a third consecutive week of outflows totalling US$30m, with last week indicating a significant stemming of the outflows. In contrast to prior weeks, most providers saw minor inflows, although this was offset by incumbent Grayscale seeing US$153m outflows. Trading volumes rose by 43% week-on-week to US$6.2bn but remain well below the US$14.2bn weekly average for the year so far.
cointelegraph ·

Meme coins have an important role to play in crypto

Meme coins have stolen the spotlight this Bitcoin halving cycle, and they've offered unparalleled opportunity to at least some participants.
cointelegraph ·

Exploring Sui’s Object-Centric Model and the Move Programming Language

A closer look at how Sui’s object-centric model and the Move language can improve blockchain scalability and smart contract development.
cointelegraph ·

Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3

The new holographic display could give NFTs the Pokemon Go treatment.
cointelegraph ·

Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’

The Ethereum co-founder says we’d all be better off with either anarchy or tyranny but not both.
cointelegraph ·

Spot Ethereum ETF launch delayed by SEC comments

The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July.
Cointime精选 ·

What is triangular arbitrage in crypto and how to use it?

A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully controlling risk.
Cointime精选 ·

The purpose and functionality of exchange coins and tokens

An exchange coin is a type of cryptocurrency issued by a cryptocurrency exchange to serve various utility functions within the exchange’s ecosystem. These coins, sometimes called exchange tokens, provide users with benefits such as discounts on trading fees, staking rewards and access to special features or services.