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Tether, the world's largest stablecoin issuer, has launched a new payment option in the Philippines, allowing citizens to pay their Social Security System (SSS) contributions using USDT.
USDT-issuer Tether is now allowing Filipino citizens to pay their social security system contributions with crypto. According to Tether, citizens of the Philippines can now make social security payments with USDT on the TON (TON) blockchain using a UQUID card. UQUID bills itself as a “Web 3 e-commerce platform.
Even though pumping at spot rates, Tron wasn't spared the wrath of bears after peaking in February. Like other altcoins like Solana and Ethereum, whose prices soared to 2024 highs in March, Tron remains in red in the last month of trading and has yet to conquer recent peaks.
Filipino workers can now pay into social security with Tether's USDT on the TON blockchain, revolutionizing SSS contributions.
Filipinos now have the option to use cryptocurrency for SSS contributions.
The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON).
With Tether, residents of the Philippines can contribute to the program using its USDT stablecoin.
The service manages social security and employee compensation.
Tether has unveiled a significant partnership with UQUID, aiming to boost the adoption of its USDT stablecoin in everyday transactions. The collaboration will enable Filipinos to pay their Social Security System (SSS) contributions using USDT on the TON blockchain, enhancing the utility of the stablecoin in financial services.
The Philippines integrates Tether's USDT for social security payments, simplifying transactions with crypto. The post Tether launches USDT payments for social security contributions in the Philippines appeared first on Crypto Briefing.
Tether has introduced a new payment option for the Philippines people, allowing them to pay their social security system (SSS) contributions using its stablecoin, USDT.
The Social Security System is a state-run social insurance program that serves employees in the official, informal, and private sectors.
Tether Operations Limited, which claims to be among the largest companies in the digital asset industry, has announced a collaboration with Uquid, a Web 3 E-commerce platform, to launch the USD₮ store.
Similar to the US stock market, the liquidity of the crypto market is further concentrated in mainstream cryptos such as BTC, ETH, and USDT. These cryptos have wider channels and more tools to obtain liquidity and can better withstand the long-term high interest-rate environment.
Bitstamp has decided to delist EURT in preparation of Europe's MiCA regulation that will come into effect by the end of June.
Toncoin price reached $7.72 on June 25, up 14% in the last 7-days, rising USDT deposits on the TON network could trigger more gains in the days ahead.
Toncoin Price Analysis. TON, the native cryptocurrency of the Toncoin Network, has exhibited a trend contrary to the broader market.
Stablecoin issuer Tether has said it will stop minting the U.S. dollar-pegged USDT token on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS.
Tether's USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether's transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time.
Could Tether's USDT collapse trigger the greatest crypto crash ever? With mounting concerns and speculation, it's time to ask if your investments are safe from this looming threat.
Binance has completed the conversion of BEAM, BCD, GO, NSBT, and SGB token balances to USDT, based on holdings as of December 26, 2023.
Tether's USDT stablecoin has undoubtedly taken off on the Open Network (TON), having seen a recent surge in activity. Beyond USDT's success, the TON blockchain itself is experiencing explosive growth.
The Telegram-linked blockchain network has recently soared in popularity alongside in-app mini-games and native cryptocurrency.
The company behind the largest USD-pegged stablecoin in terms of market cap has announced a shift in strategy towards community-driven blockchains.
