Tools / Converter

USDC to PHP: Convert USDC to Philippine Peso

Convert USDC to PHP instantly with live market rates updated every 60 seconds. See the current exchange rate, common conversion amounts, and everything you need to know about converting USDC to Philippine Peso.

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PHPPHP
1 USDC = ₱56.00Estimated
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1 USDC—
10 USDC—
100 USDC—
500 USDC—
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What Is USDC?

USDC is a dollar-backed stablecoin issued by Circle, maintaining a 1:1 peg to the US dollar. Reserves are held in U.S. Treasury bills and cash at regulated financial institutions, with monthly attestations published by Deloitte. USDC is available on over 15 blockchains including Ethereum, Solana, Base, and Arbitrum.

  • Issued by Circle, regulated under US state money transmission laws
  • Reserves: U.S. Treasury bills and cash
  • Monthly attestations by Deloitte
  • Available on 15+ blockchains
  • Direct redemption for USD through Circle

USDC and the Philippine Peso (Philippines)

The Bangko Sentral ng Pilipinas (BSP) regulates crypto exchanges as Virtual Currency Exchanges under Circular 944. The Philippines has high crypto adoption driven by overseas remittances and the play-to-earn gaming ecosystem. Coins.ph is the largest local platform with over 18 million users.

The USDC/PHP exchange rate fluctuates based on global supply and demand across cryptocurrency exchanges. Major exchanges operating in Philippines include both international platforms and local providers. When converting USDC to PHP, consider exchange fees (typically 0.1%-1.5%), withdrawal fees, and any spread between the quoted rate and the actual execution price.

Since USDC is a stablecoin pegged to the US dollar, the USDC/PHP rate closely tracks the USD/PHP foreign exchange rate. Small deviations from the peg can occur during periods of market stress. The rate shown above reflects the live market price, which may differ slightly from $1.00 USD.

How to Convert USDC to PHP

There are several ways to convert USDC to Philippine Peso:

  1. Centralized exchange: create an account on an exchange available in Philippines, deposit your USDC, sell for PHP, and withdraw to your bank account
  2. Peer-to-peer marketplace: sell directly to another person using a P2P platform that supports PHP payment methods
  3. Crypto debit card: spend your USDC directly using a crypto-linked card that automatically converts to PHP at point of sale
  4. Direct redemption: if you hold a large amount, you may be able to redeem directly with the issuer (subject to minimums and KYC)

Frequently Asked Questions

How much is 1 USDC in PHP?

The current USDC to PHP rate is shown in the converter above and updates every 60 seconds from live market data. Cryptocurrency prices fluctuate 24/7 across global exchanges, so the rate changes continuously.

How do I sell USDC for Philippine Peso?

The most common way is through a cryptocurrency exchange that supports PHP withdrawals. Create an account, complete identity verification (KYC), deposit your USDC, sell it, and withdraw PHP to your bank account. Processing times vary: some exchanges offer instant withdrawals, while bank transfers can take 1-3 business days.

What fees are involved in converting USDC to PHP?

Typical fees include: exchange trading fees (0.1%-1.5% per trade), network transaction fees for depositing USDC (varies by blockchain and congestion), and withdrawal fees for sending PHP to your bank. Comparing fee structures across exchanges before converting can save you a significant amount on larger conversions.

The Bangko Sentral ng Pilipinas (BSP) regulates crypto exchanges as Virtual Currency Exchanges under Circular 944. The Philippines has high crypto adoption driven by overseas remittances and the play-to-earn gaming ecosystem. Coins.ph is the largest local platform with over 18 million users. Always consult local regulations and a tax professional for your specific situation, as crypto tax treatment and reporting requirements vary by jurisdiction.

How often does the exchange rate update?

The converter above fetches live rates from CoinGecko and Coinbase every 60 seconds. The actual rate you receive when converting will depend on the exchange or service you use, the size of your order, and current market liquidity. For large conversions, consider using limit orders to avoid slippage.

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