Crypto Integration in Social Security: A Landmark Move for Stablecoins in ASEAN

Oscar added, “As more countries begin adopting blockchain technology, it is clear that the role of blockchain in everyday life is becoming more significant. At INDODAX, we are committed to supporting such innovations that promote financial inclusion and provide tangible benefits to society.”

He noted that the adoption of crypto assets, particularly stablecoins, has surged in recent years. Beyond their use as exchange tools in centralized exchanges, stablecoins have now become a primary source of liquidity in both centralized and decentralized markets.

Payment platforms like PayPal have introduced their own stablecoin, PayPal USD (PYUSD), while Ripple plans to launch its stablecoin in early 2025 to meet the growing demand.

“This not only facilitates payments for Filipino citizens but also highlights the importance of partnerships between technology companies and governments in creating a more inclusive financial ecosystem. With wider adoption, it is hoped that more countries will recognize the benefits of using stablecoins in their financial systems,” Oscar added.

In light of these advancements, INDODAX has launched the INDODAX Academy platform, which serves as an educational resource for learning about cryptocurrency from the basics to advanced levels. (Uki Ruknuddin)