What is Netbank’s new stablecoin settlement service?

Netbank launched a stablecoin off-ramp service that allows fintech firms and payment providers to convert digital assets directly into Philippine pesos. The service is designed to speed up cross-border settlements and reduce reliance on traditional banking rails.

Which stablecoins does Netbank support for peso settlements?

Netbank said the platform currently supports USD Coin and Tether. Clients can use these stablecoins to fund Philippine accounts through the company’s regulated banking infrastructure.

How fast are stablecoin settlements through Netbank?

Netbank said conversions are currently processed end-to-end within 30 to 60 minutes. That is significantly faster than many traditional international wire transfers, which can take one to three business days.

Why are fintech firms interested in stablecoin off-ramp services?

Stablecoin settlement systems can reduce transfer delays, lower transaction costs and simplify treasury management. Fintech firms also avoid the operational friction of correspondent banking networks and pre-funded accounts.

What problem is Netbank trying to solve with this service?

The company is targeting inefficiencies in cross-border payments, particularly delays tied to correspondent banking and nostro pre-funding requirements. Netbank said its infrastructure creates a more direct flow from stablecoins into Philippine peso liquidity.

What is a stablecoin off-ramp?

A stablecoin off-ramp is a service that converts digital assets into traditional fiat currency. In this case, Netbank converts stablecoins such as USDC and USDT into Philippine pesos for local settlement.

How does Netbank reduce slippage during stablecoin conversions?

Netbank said it uses pre-agreed over-the-counter foreign exchange rates. This helps institutional clients avoid unexpected pricing swings or slippage during conversion and settlement.

Why is the Philippines important for stablecoin payment services?

The Philippines is one of the world’s largest remittance markets and has a rapidly growing fintech sector. Faster crypto-to-fiat settlement infrastructure could improve payment efficiency for remittances, payroll and international business transfers.

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Netbank launches stablecoin peso settlement service

Written by Jon CuthbertPublished May. 26 2026Last Updated May. 26 2026

Netbank introduced a new stablecoin settlement feature enabling fintech firms and global payments platforms to convert digital assets directly into local currency across the Philippines.

The company said clients can now fund Philippine accounts using stablecoins including USD Coin and Tether through a regulated banking infrastructure designed to accelerate international payment flows.

According to Netbank, the service uses pre-agreed over-the-counter foreign exchange rates to reduce slippage and provide more predictable conversion pricing for institutional users.

The company said the infrastructure bypasses traditional correspondent banking delays, removing the need for international wire transfers and nostro pre-funding arrangements commonly used in cross-border settlement.

Netbank stated that digital asset conversions are currently processed end-to-end within 30 to 60 minutes, significantly faster than conventional international payment rails.

The platform aims to simplify transactions by creating a direct flow where stablecoins enter the system and Philippine peso liquidity is released locally through regulated banking channels.

The launch reflects growing interest among fintech firms and payment providers in using stablecoins to improve settlement speed, lower operational costs and streamline cross-border treasury management.