Tether, the leading stablecoin provider, has announced a groundbreaking partnership with Uquid, a decentralized business infrastructure platform. This collaboration aims to revolutionize social security payments by allowing Filipinos to use Tether’s USDT on the TON blockchain.
The Philippine Social Security System (SSS), a government-run social insurance program, provides financial support to citizens in times of need. By integrating Tether’s USDT into the SSS payment system, the process of making social security contributions will be simplified and streamlined for Filipinos.
Uquid, in highlighting the significance of this collaboration, emphasizes how stablecoins and cryptocurrencies can enhance everyday financial transactions. This partnership represents a major milestone in the use of digital assets for government services and could pave the way for wider adoption of cryptocurrencies in the public sector.
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