Tether, Coins.ph partner for blockchain education initiative in the Philippines
Tether Operations Limited, the company behind the stablecoin USDT, announced a collaboration with Coins.ph, a Philippine-based cryptocurrency exchange, aimed at promoting blockchain education and fostering financial literacy in the country.
In a news release, Tether said the partnership underscores a shared commitment to empowering Filipinos with the knowledge and tools necessary to navigate the digital asset landscape.
Empowering Filipinos through education
The joint initiative will deliver a comprehensive series of educational programs tailored to diverse audiences across the Philippines. These initiatives will encompass workshops, online campaigns, and interactive quizzes crafted to enhance awareness and understanding of digital assets, including blockchain technologies, Bitcoin, and stablecoins.
Paolo Ardoino, CEO of Tether, said the Philippines is a nation brimming with potential for digital asset adoption. “Through this collaboration with Coins.ph, we hope to equip Filipinos with the knowledge and tools to navigate the exciting world of blockchain technologies,” Ardoino emphasized.
Driving financial inclusion
Wei Zhou, CEO of Coins.ph, highlighted the significance of the collaboration in driving financial inclusion. “Our collaboration with Tether marks a significant step towards equipping Filipinos with essential knowledge to participate in the growing digital asset economy,” Zhou stated.
“A key focus of this will be the use of Stablecoins such as USDT for cross-border payments and remittances,” he added.
Extending Tether’s educational reach
Tether said that this partnership underscores the firm’s mission to facilitate easy access to educational resources that promote an understanding and responsible utilization of blockchain-backed digital assets. With previous groundwork laid in various regions, including Thailand, Georgia, Uzbekistan, and Africa, Tether is extending its reach to the Philippines, aiming to equip citizens with the necessary knowledge and proficiency to thrive in the cryptocurrency sphere.
Targeting diverse audiences
According to the stablecoin maker, the educational initiatives will cater to a wide array of Filipino demographics, including finance professionals, Overseas Filipino Workers (OFW) seeking efficient remittance solutions, pawnshop owners and customers, and individuals curious about cryptocurrency fundamentals. By targeting diverse segments of the population, Tether and Coins.ph aim to foster widespread adoption and understanding of digital assets in the Philippines.
