Circle Innovation: GCash, a digital currency application, now supports USDC

Jeremy Allaire, co-founder of Circle, announced on X platform that Philippine digital currency application GCash has announced that its mobile wallet supports the stablecoin USDC, allowing users to receive, purchase, hold, or trade USDC. It is reported that GCash is currently preparing for an IPO and plans to raise $1 billion to $1.5 billion. In addition to payments, the application is also building its financial product suite.