Circle Joint Creation: Digital currency application GCash now supports USDC

Circle co-founder Jeremy Allaire announced on the X platform that the Philippine digital currency application GCash has declared its mobile wallet supports the US dollar stablecoin USDC, allowing users to receive, purchase, hold or trade USDC.

It is reported that GCash is currently preparing for an IPO, intending to raise 1 billion to 1.5 billion dollars. In addition to payments, this application is also building its financial product suite.