Southeast Asian stablecoin operation service provider APACX has reached a strategic partnership with Philippine OTC institution Moneybees to optimize the remittance experience for overseas Filipino workers.

Southeast Asian stablecoin operator APACX has reached a strategic partnership with Moneybees, the largest over-the-counter (OTC) institution in the Philippines. This collaboration optimizes the remittance experience for Overseas Filipino Workers (OFW) by combining stablecoin technology with offline exchange networks. Users who receive stablecoin remittances can convert APACX-incubated Philippine Peso stablecoin PHT into cash at Moneybees' more than 1,000 offline locations in the Philippines. [Foresight News]