BPI bets on stablecoins for faster remittances

Bank of the Philippine Islands (BPI) is piloting a stablecoin-based settlement rail with Meridian for cross-border remittances, targeting faster and cheaper transfers for Filipinos including migrant workers and freelancers. The pilot will initially focus on payroll credits for informal workers before expanding ahead of the ASEAN 49 Summit in November.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.