Netbank announced that fintechs and global payments platforms can now off-ramp stablecoins directly into local fiat currency across the Philippines.

This new infrastructure specifically targets financial technology firms looking to optimise their international funding routes.

Clients can now fund their local accounts using popular digital assets such as USDC or USDT via Netbank’s Partner Regulated Exchanges.

The system utilises pre-agreed over-the-counter foreign exchange rates to eliminate unexpected slippage costs.

Company representatives stated that this direct conversion process completely bypasses traditional banking delays.

The infrastructure removes the need for standard international wire transfers and tedious nostro pre-funding requirements.

Netbank currently processes these digital asset conversions end-to-end within 30 to 60 minutes.

The service aims to provide a straightforward transaction flow where digital assets enter the system and local currency exits.

This accelerated settlement framework operates entirely within a fully regulated banking environment to ensure institutional trust.

Featured image: Edited by Fintech News Philippines based on an image by davidpinta9122 via Magnific.