New Toku–PDAX partnership lets Filipino workers receive pay in stablecoins

PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins.

According to Tuesday’s press release, the new integration connects Toku’s token-based payroll system with PDAX’s regulated cash-out rails, enabling companies to send stablecoin wages through their usual payroll flows and allowing workers to convert earnings to pesos without incurring wire fees or delays.

Toku routes payments directly to PDAX wallets or external addresses for real-time, onchain settlement. Workers can then cash out to nearly any Philippine bank or e-wallet, including GCash and GrabPay, while employers have the option to fund payroll in either PHP or stablecoins such as (USDC), (USDG) or (RLUSD).

Toku is a global payroll platform that lets businesses 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 Philippine crypto exchange that provides trading, cash-out services and tokenized asset products for local users and businesses.

Related: Grab deepens stablecoin push with StraitsX Web3 wallet and settlements

The Philippines is bullish on crypto

The Philippines has become one of Asia’s more active crypto adopters, with government agencies and major banks launching blockchain pilots and stablecoin initiatives over the past two years.

In 2024, Tether partnered with Web3 platform Uquid to let people in the Philippines pay their Social Security System contributions using USDt on The Open Network. The SSS is the country’s state-run social security program, covering workers across both formal and informal sectors.