BPI Launches Stablecoin Pilot to Transform $40 Billion Cross Border Payments

TLDR

• BPI launches a stablecoin pilot for faster cross-border payment settlements.

• Meridian provides settlement infrastructure for regulated blockchain transfers.

• Pilot targets freelancers, overseas workers, and payroll payment recipients.

• BSP oversees the project with reserve transparency and consumer safeguards.

• Wider rollout is planned before the ASEAN Summit in November 2026.

The Bank of the Philippine Islands (BPI) has launched a stablecoin settlement pilot for cross-border payments in the Philippines. The initiative targets faster payroll and remittance processing for overseas income recipients.  BPI will test the service with Meridian under regulatory oversight before expanding the program later this year.

BPI Introduces Stablecoin Settlement for Cross Border Payments

The pilot focuses on freelancers, virtual assistants, and overseas Filipino workers receiving international payments. The system uses stablecoins as a settlement layer before converting funds into Philippine pesos. Consequently, recipients receive deposits directly into their BPI accounts through existing banking channels.

… Continue reading the full article at the original source below.