Southeast Asia Giant Grab Launches Crypto Top-Up in Philippines After Singapore Success

Key Points

1. Grab's crypto top-up feature in the Philippines supports Bitcoin, Ethereum, USDC, and USDT through a partnership with Triple-A and local providers.

2. The expansion builds on Grab's successful crypto top-up launch in Singapore in March 2024, where it became the first major Southeast Asian super-app to offer such a service.

3. Grab's partnership leverages regulatory compliance with the Bangko Sentral ng Pilipinas and Triple-A’s licensing to facilitate crypto adoption.

4. Grab first ventured into Web3 in 2023 through partnerships with Circle and Polygon, enabling blockchain wallets and NFT vouchers in Singapore.

5. Stablecoins settled $27.6 trillion in transactions in Q1 2025, surpassing Visa’s 2023 volume, indicating significant institutional adoption.