GCash, the Philippines’ top mobile wallet, is expanding its digital financial offerings by integrating Circle’s USDC, a fully reserved digital dollar.

The move provides millions of GCash users with seamless access to a stable digital asset for transactions, savings, and remittances through the app’s GCrypto feature.

USDC is backed 1:1 by cash and cash-equivalent assets held at regulated financial institutions, with third-party attestations ensuring transparency. By offering USDC, GCash aims to enhance financial inclusion, giving users a secure and globally recognized digital dollar amid the evolving digital economy.

“The integration of USDC is a significant step in enhancing financial inclusion in the Philippines,” said Arjun Varma, GCash group head of wealth management.

Circle’s vice president for Asia Pacific, Yam Ki Chan, emphasized the broader impact: “Expanding access to digital financial tools drives economic empowerment. We are excited that GCash is enabling millions of Filipinos to participate in the digital economy with confidence and security.”

Acquiring USDC is simple—users can access GCrypto, select ‘USDC,’ and convert their GCash balance into digital dollars instantly.

GCash is operated by Mynt, the Philippines’ first $5-billion fintech unicorn. Mynt leads in mobile financial services, running GXI, the company behind GCash, and Fuse Lending, which provides microloans and business financing.