Financial Literacy Initiatives in Laos
Tether CEO Paolo Ardoino announced the company’s plan to collaborate with Laos-based licensed exchange Bitqik to enhance education initiatives on Bitcoin and stablecoins. The partnership aims to empower individuals through financial literacy and encourage greater participation in formal financial systems.
Ardoino noted that, “By closing knowledge gaps, improving access to education, and showcasing real-life uses for stablecoins, we are working towards a more resilient, inclusive, and opportunity-filled financial future.”
Fostering Widespread Cryptocurrency Adoption
Tether and Bitqik's education program will offer online resources and host live, face-to-face gatherings in key cities. These events will share knowledge on the practical uses of cryptocurrencies such as stablecoins, particularly USDT, and blockchain technology with individuals from diverse backgrounds.
The initiative aims to engage more than 10,000 individuals, encouraging the adoption of digital assets among communities and students as their preferred payment method.
Virasack Viravong, the CEO of Bitqik, asserted that this partnership is a game-changer for the people of Laos, as it will improve digital asset education in the Asian country via the Bitqik Academy.
Topics covered in this initiative will include learning activities focused on blockchain technology, investing in Bitcoin, and using stablecoins, enabling a large number of individuals interested in cryptocurrencies to access digital assets throughout the coming year.
Cryptocurrencies Challenging Traditional Banking
As cryptocurrencies gain popularity, other exchanges are also launching educational campaigns. Coins.ph, a leading cryptocurrency exchange and mobile wallet platform in the Philippines, launched a significant educational campaign to help Filipinos lower their remittance costs.
This education program, set to run from late 2025 to the second quarter of 2026, will cover topics related to remittances and payments. It will include a Polkadot Stablecoin Adoption Program that provides new users with a one-time reward. Notably, this program focuses on areas with large numbers of Overseas Filipino Workers (OFWs), such as Metro Manila, CALABARZON, and Central Luzon.
The educational effort was initiated following the Polkadot Asset Hub upgrade, which has enhanced Coins.ph’s ability to manage cross-border transactions. With the Polkadot Asset Hub designed to facilitate stablecoin movement, users on Coins.ph can easily send, receive, and transfer popular stablecoins like USDT and USDC faster and at a lower cost, without delays.
Coins.ph is capitalizing on a worldwide trend where stablecoins are swiftly positioning themselves as cost-efficient alternatives to traditional correspondent banking networks.
Stablecoins are expected to account for approximately 23% of global remittance flows.
Analysts predict that this cryptocurrency will reach a new all-time high of $250 billion in remittance volume, supported by stablecoins for Asia, by 2028. With this projected shift in financial infrastructure, Coins.ph seeks to establish the Philippines as a leading digital finance hub.