The regulated cryptocurrency exchange PDAX in the Philippines has partnered with Web3 payroll service provider Toku to enable remote workers in the country to receive their salaries in stablecoins.
According to a press release on Tuesday, this new integration connects Toku's token-based payroll system with PDAX's regulated withdrawal channels, allowing companies to send stablecoin salaries through their regular payroll processes and enabling workers to convert their earnings into pesos without incurring wire transfer fees or delays.
Toku routes payments directly to PDAX wallets or external addresses for real-time on-chain settlement. Workers can then withdraw to almost any bank or e-wallet in the Philippines, including GCash and GrabPay, while employers can choose to fund salaries in Philippine pesos or stablecoins such as USDC, USDG, or RLUSD.
Toku is a global payroll platform that allows businesses to pay employees and contractors in tokens or stablecoins using their existing payroll systems. According to the company's website, it is used in over 100 countries.
PDAX is a cryptocurrency exchange in the Philippines that offers trading, withdrawal services, and tokenized asset products for local users and businesses.
The Philippines has become one of the most active cryptocurrency adopters in Asia, with government agencies and major banks launching blockchain pilots and stablecoin initiatives over the past two years.
In 2024, Tether partnered with the Web3 platform Uquid to allow the Filipino public to use USDt on The Open Network to pay contributions to the social security system. The social security system is the country's state-run social security program, covering workers in both formal and informal sectors.
In January 2025, several Philippine banks began collaborating on the PHPX stablecoin, a Hedera-based project aimed at facilitating real-time remittances using distributed ledger technology.
In July 2025, the Philippine government announced it would start notarizing official documents on the Polygon blockchain. Paul Soliman, CEO of the company behind the project, Bayanichain, stated that the system would be used to track government budget records.
In August, the country's Congress reviewed a bill directing the central bank to establish a strategic reserve of 10,000 bitcoins. The "Strategic Bitcoin Reserve Act" would require the Bangko Sentral ng Pilipinas (BSP) to purchase 10,000 bitcoins and hold them in trust for at least 20 years.
Related: Crypto bank AMINA obtains Hong Kong license to launch institutional trading
Original article: “Toku and PDAX's new partnership provides Filipino workers with a way to receive salaries in stablecoins”
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