The Philippine crypto platform Coins.ph has officially integrated Polkadot Asset Hub to enable faster and more cost-effective stablecoin transfers for its users.

The move allows users to send, receive, and transfer stablecoins such as USDT and USDC with lower fees and quicker transaction times compared to traditional blockchain networks.

Coins.ph is integrating the Polkadot Asset Hub to improve transaction efficiency and provide users with access to the growing Polkadot Web3 ecosystem. The hub is a specialised blockchain that its creators built specifically for stablecoins and other fungible assets.

“At Coins.ph, we’re committed to making crypto more practical for everyday use,” said Wei Zhou, CEO of Coins.ph. “By integrating Polkadot Asset Hub, we’re significantly reducing the cost and time of stablecoin transfers – perfect for users who want to send funds to their loved ones.”

The integration also facilitates smoother interoperability, allowing users to move assets easily between Coins.ph and other Polkadot-compatible wallets and platforms.

Beyond simple transfers, the connection provides a gateway to Polkadot’s decentralised finance (DeFi) ecosystem, offering new ways for users to manage their digital assets.

Nicolas Arevalo, CEO of Velocity Labs, which contributes to the Polkadot network, said, “Our partnership with Coins.ph expands access for the Philippine market to fast, reliable stablecoin transfers.”

Users can access the feature by selecting the Polkadot network when depositing or withdrawing supported stablecoins on the Coins.ph platform.

Featured image by Coins.ph.