PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins.
This new integration connects Toku’s token-based payroll system with PDAX’s regulated cash-out rails. This enables companies to send stablecoin wages through their usual payroll flows and allows workers to convert earnings to pesos without incurring wire fees or delays.
Toku routes payments directly to PDAX wallets or external addresses for real-time, onchain settlement. Workers can then cash out to nearly any Philippine bank or e-wallet, including GCash and GrabPay. Employers have the option to fund payroll in either PHP or stablecoins such as USDC, USDG, or RLUSD.
Toku is a global payroll platform that allows businesses to pay employees and contractors in tokens or stablecoins using their existing payroll systems. According to the company’s website, it is used in over 100 countries.
PDAX is a Philippine crypto exchange that provides trading, cash-out services, and tokenized asset products for local users and businesses.
The Philippines Shows Strong Adoption of Cryptocurrency
The Philippines has emerged as one of Asia’s most active crypto adopters. Over the past two years, government agencies and major banks have launched blockchain pilots and stablecoin initiatives.
In 2024, Tether partnered with Web3 platform Uquid to allow individuals in the Philippines to pay their Social Security System contributions using USDt on The Open Network. The SSS is the country’s state-run social security program, covering workers in both formal and informal sectors.
In January 2025, several Philippine banks began collaborating on the PHPX stablecoin. This Hedera-based project is designed to facilitate real-time remittances using distributed ledger technology.
In July 2025, the Philippine government announced it would begin notarizing official documents on the Polygon blockchain. Paul Soliman, CEO of Bayanichain, the company behind the effort, stated that the system will be used to track government budget records.
In August, the country’s Congress considered a bill that would direct the central bank to build a 10,000 Bitcoin strategic reserve. The proposed “Strategic Bitcoin Reserve Act” would require the Bangko Sentral ng Pilipinas (BSP) to purchase 10,000 Bitcoin and hold it in trust for a minimum of 20 years.