{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Coins.ph \u2013 Building the Stablecoin Economy","description":"Wei Zhou is the CEO of Coins.ph, the largest crypto-native fintech platform in the Philippines, which he acquired in 2022. A former CFO of Binance and long-time finance executive \u2014 Wei has been rebuilding Coins.ph as a fully regulated on-ramp between fiat, crypto and stablecoins for Filipino users and businesses, while extending the playbook globally through Coins.xyz. Why you should listen A real-world stablecoin case study: The Philippines pulls in close to $100 billion a year in foreign inflows \u2014 roughly $38 billion in retail remittances from nearly 10 million overseas Filipino workers, plus around $50 billion flowing into the country's huge business process outsourcing sector. Historically almost all of it moved over Swift banking rails at 5\u20136% in fees, which remittance pioneers like Remitly and MoneyGram dragged down to 2\u20134%. Wei walks through how stablecoin rails are collapsing those costs further still \u2014 Coins.ph has run USDC flows with Circle at just 20\u201330 basis points \u2014 and why, post-Covid, everyday Filipino families and businesses with overseas ties are pivoting into stablecoins on their own. A two-sided marketplace with a stablecoin flywheel: Wei thinks of Coins.ph less as an exchange and more as a stablecoin marketplace, with retail users as net buyers of digital dollars on one side, and businesses and institutions sending money into the country as net sellers on the other \u2014 a balance that drives liquidity, tightens pricing and fuels growth. The biggest friction, he argues, isn't crypto; it's fiat. Opening up cheap 24\/7 deposits and withdrawals is what pulls users in, and weekend trading volumes on Coins already outstrip weekday volumes simply because traditional banks are closed. He also previews a B2B push launching before the end of May, enabling online and offline Coins merchants to accept USDC and USDT payments, alongside partnerships with Circle, HashKey and other licensed players to build out regional stablecoin corridors. Stablecoins as the new unit of account: Looking three to five years out, Wei sees a world where more and more assets \u2014 from Bitcoin pairs to tokenised securities and real-world assets \u2014 are denominated in stablecoins rather than fiat. The GENIUS Act in the US, along with parallel regimes in the EU, Singapore, Hong Kong, Japan and the UAE, is the unlock: traditional financial institutions can finally engage with stablecoins directly, letting platforms like Coins.ph tap deeper pools of liquidity and bring more investment products to Filipino users. In the hot-take round, Wei calls Bitcoin to a million dollars ("and then sats become the new stablecoin"), argues the AI intelligence layer is already quietly embedded in everything we use, and names Asimov's Foundation and Liu Cixin's The Three-Body Problem as his favourite sci-fi. Supporting links Stabull Finance Coins Andy on Twitter  Brave New Coin on Twitter Brave New Coin   If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using. ","author_name":"The Crypto Conversation","author_url":"https:\/\/bravenewcoin.com\/insights\/podcasts","html":"