Get the hottest Fintech Philippines News once a month in your Inbox

Rizal Commercial Banking Corporation (RCBC) and US payments network Meridian have expanded the RCBC Pulz US Virtual Account to accept stablecoin transfers, the bank announced.

The update lets Filipinos receive payments from US-based employers and clients through USDC and USDT.

Users never hold the stablecoins themselves.

Meridian and its US partners automatically convert incoming transfers on the Ethereum, Polygon and Base networks into regular US dollar balances, then credit them to users’ accounts.

From there, users can convert their dollars into pesos and deposit them into their RCBC accounts.

Payments Outside Banking Hours

The main benefit is timing.

Traditional US payment channels such as ACH and Fedwire generally follow banking schedules, while stablecoin transfers can go through at any hour, including weekends and holidays.

“By enabling stablecoin transfers through the U.S. Virtual Account, we are giving freelancers and remote workers another way to receive their earnings,” said Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer.

“By enabling stablecoin transfers through the U.S. Virtual Account, we are giving freelancers and remote workers another way to receive their earnings,” said Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer.

Will Haering, CEO of Meridian, said users’ money “can arrive at any hour of any day and land as dollars in their RCBC account.”

Building on the Original Account

RCBC first announced the US Virtual Account in 2025 and launched it in November that year. The bank described it as the first of its kind in the Philippines.

Through the account, Filipinos can receive US dollar payments via ACH and Fedwire without a US address, social security number or residency.

The account has a monthly receiving limit of US$10,000, Manila Bulletin reported at launch.

RCBC designed the account for freelancers, virtual assistants and other remote workers.

However, the bank said it may also accept other eligible cross-border payments from the US.

The bank said thousands of professionals have signed up since launch.

Featured image: Edited by Fintech News Philippines based on an image by Rizal Commercial Banking Corporation (RCBC) via its website.