PANews reported on March 22 that Circle co-founder Jeremy Allaire announced on X platform that GCash, a digital currency application in the Philippines, has announced that its mobile wallet supports the US dollar stablecoin USDC, allowing users to receive, buy, hold, or trade USDC.
It is reported that GCash is currently preparing for an IPO, aiming to raise between $1 billion and $1.5 billion, and is building its financial product suite in addition to payment services.