According to ChainCatcher, Circle co-founder Jeremy Allaire announced on X platform that GCash, a digital currency application in the Philippines, has declared 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 the app is building its financial product suite beyond payment services.