In a significant step towards cryptocurrency adoption, Tether has partnered with Uquid, a decentralized business infrastructure platform, to allow Filipinos to pay their social security contributions using Tether's USDT on the TON blockchain.
Philippines Accepts Tether's USDT for Social Security Payments
The Philippine Social Security System (SSS) is a government-run social insurance program that serves employees in the formal, informal, and private sectors.
This program is authorized by law to provide financial support to citizens in difficult times and administers both the social security program and the workers' compensation program.
Through this new partnership, Tether and Uquid aim to simplify the payment process for Filipinos by leveraging the stability and efficiency of USDT.
Uquid emphasized that this collaboration demonstrates how stablecoins and cryptocurrencies can improve and simplify daily financial transactions.
Tether's integration into the SSS payment system marks a significant evolution in the use of digital assets for government services, potentially paving the way for broader cryptocurrency adoption in public sector operations.
*This is not investment advice.
